CHS Inc., St. Paul, Minn., has agreed to acquire selected Canadian retail assets from Crop Production Services (Canada) Inc., a wholly owned subsidiary of Agrium Inc. Under the agreement, 16 retail agronomy locations in the provinces of Alberta and Saskatchewan will become part of the Country Operations division of CHS.
The transaction is expected to be completed on or about April 1, 2014. Financial terms were not disclosed.
"We look forward to expanding our ability to serve farmers and ranchers in Canada, and to being a strong partner in their communities," said John McEnroe, executive vice president, CHS Country Operations. "Our goal is always to add value for our customers through local experts with global connections."
CHS said the newly acquired businesses will be able to take advantage of a 42,000-ton fertilizer plant outside Shelby, Mont., that is in its final stages of construction. The new facility offers 110-car shuttle loader access to the BNSF line, and is expected to open for the spring 2014 season.