Brownfield, Texas—Crop Production Services (CPS) has acquired the assets of Larry’s Chemical and Spray Inc., a retail operation based in Brownfield, Texas, that offers cottonseed, fertilizer, chemicals, and equipment for the farm supply and service industry. The business was established in 1968, and has expanded to include three buildings totaling 20,000 feet, with eight nonunion employees with an average length of service of 16 years. Current owners Larry and Sharon Yowell became partners in the business in 1992 and assumed full control in 2007. The purchase price was not disclosed, but reportedly falls within the upper end of the EBITDA multiple range that CPS targets for its acquisitions.
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