UAP acquires Terral AgriService

Greeley, Colo.-UAP Holding Corp. said July 14 that it has reached an agreement in principal to acquire Terral AgriService Inc. and certain assets of Terral FarmService, Inc. and Wisner Elevator Inc. (collectively, “Terral”). The acquisition is contingent on confirmatory due diligence and the negotiation of definitive agreements. Terral, a leading chemical, fertilizer and seed distributor with over 3,000 customers, has been operating in Northeast Louisiana for over 60 years. UAP anticipates the Terral acquisition will solidify its leadership position in this market by expanding its fertilizer capabilities and significantly increasing its market share for chemicals, fertilizer and seed. The acquisition will also contribute several key assets, including five distribution facilities throughout Northeast Louisiana and key management and sales personnel. As part of the transaction, Brad Terral will enter into an agreement to remain with the business for two years. “The Terral acquisition is consistent with UAP’s previously outlined strategy to supplement organic growth with strategic acquisitions,” said Kenny Cordell, UAP CEO. “A comprehensive plan is being developed in coordination with Terral to ensure a smooth transition for Terral’s customers and employees.” Brad Terral, vice president of Terral FarmService and Wisner Elevator, added, “It’s very difficult for us to sell our family business, especially after over 60 years of commitment to the Northeast Louisiana community. By partnering with UAP, however, we are convinced that we will be able to provide an expanded range of products and services without compromising on Terral’s track record of outstanding customer service.”