GROWMARK, Bloomington, Ill., announced on June 4 that it has signed a letter of intent to acquire AgraForm LLC, an agrichemical manufacturing company located in St. Louis, Mo. The deal is expected to close at the end of June. Terms were not disclosed.
AgraForm provides bulk formulation, agrichemical processing, spray drying, milling, packaging, and storage services for chemical manufacturers. The company has two locations in S. Louis, one for manufacturing insecticides, fungicides, and biological products for agricultural use and another for dry storage.
“This purchase enables us to grow efficiently in these product lines while providing the opportunity to produce proprietary product offerings in the future,” said GROWMARK Chief Operating Officer Wade Mittelstadt.
“We can also strengthen our relationships with key suppliers who currently utilize AgraForm’s state-of-the-art manufacturing facilities, Mittelstadt added. “AgraForm employs a talented team and is a very well-run operation with strong commitments to safety, environmental responsibility, and customer service. GROWMARK is pleased to be part of continuing their legacy of success.”
“The AgraForm Team is extremely excited to partner with GROWMARK to couple formulation processing with distribution for additional long-term value and growth for our current clients, GROWMARK customers, and FS Cooperatives,” said Ron Cunningham, President of AgraForm.