Severn, N.C.-Meherrin Agriculture & Chemical, already with 22 locations in five southeastern states, apparently is headed for a takeover of smaller Coolidge Fertilizer & Farm Supply. The deal could be closed as early as Sept. 1, according to a Coolidge official. A source at the Meherrin offices in Severn, who didn’t want to be identified, told Green Markets the papers haven’t been signed yet, but that it will probably happen because Coolidge, with locations in Coolidge, Meigs, and Quitman, Ga., would be a good crop fit and would increase Meherrin’s geographical footprint. “Their’s is very similar with a combination of peanuts and cotton,” he offered. Coolidge General Manager Wendell Quick commented that the sale is still in negotiation and nothing has changed at this point. “I anticipate at some point in time, probably sooner than later, there will be an agreement between the two parties,” he suggested. Coolidge has been in operation since the 1980s and has between 70-75 full- and part-time employees. Meherrin has less than 500 employees, and its fertilizer and wholesale business in 2007 reportedly was in the neighborhood of $250 million.
Transparency Across the Fertilizer Value-Chain