Crop Management Network (CMN), Alberta’s largest independent retail crop inputs network, with eight locations, announced in early May that it will not proceed with its previously announced (GM April 5, p. 1) acquisition of Performance Ag Group, a retail operation in Alberta with two locations at Calmar and Evansburg.
“As both parties worked through the usual processes involved in transactions of this nature, it became apparent that the deal for CMN to acquire the assets of Performance Ag Group was not in the best interests of either company,” CMN said. “For this reason the conditional agreement was terminated.”
When the acquisition was first announced in March, CMN said the Performance Ag assets would fit in well with its own Alberta facilities, which are located at Camrose, Daysland, Edberg, Fort Saskatchewan, Holden, Vegreville, Stettler, and Kelsey. CMN also operates an integrated logistics company, Crop Management Logistics Inc. CMN is a joint venture comprised of local employee owners and partnered with Agrico Canada.
Performance Ag has been in business under different names for more than 30 years. The original business was started in 1988 as McDonald Agri Services, but was purchased in 2005 by Harold Ziebel and rebranded as Har-De Agri Services. The business then underwent a second rebrand in 2017 to become Performance Ag Group.