Tessenderlo Kerley Inc. (TKI), Phoenix, and Ag. Formulators Inc. (AFI), Fresno, have announced they have completed discussions and executed documentation for TKI to acquire essentially all of the assets of Ag Formulators/Best Sulfur Products (BSP) based in Fresno, Calif.
“BSP has been a strong influence in the market and TKI has the utmost respect for the people of BSP,” stated Jordan Burns, TKI CEO. “This purchase will enable TKI to again become a California-based producer, allowing for increased production and improved logistics to better serve the combined customer base within the state and surrounding areas.”
BSP began business in 1992 focusing on the contract formulation business, and later as a manufacturer of sulfur containing products. The deal is expected to be finalized by the end of October. Financial details of the acquisition are not available.
According to its website, Ag Formulators is a privately-owned company with 100 employees located in the San Joaquin Valley. Its 20 acre plant site offers both formulation and warehousing onsite. Its storage space includes 100,000 square feet of flat storage and 2.5 million gallons of liquid storage, 750,000 gallons of which is stainless steel. The company is a toll manufacturer specializing in agricultural, home and garden, and industrial products.
TKI, based in Phoenix, produces and markets specialty chemical solutions, including fertilizers, soil fumigants and off-patent EPA-regulated chemicals and process chemicals and services to diverse markets in the United States, Mexico, Central and South America and selected countries throughout the world. TKI, a part of the Tessenderlo Group, Brussels, Belgium, has eight manufacturing plants in North America, in addition to an extensive terminal network.