Growmark FS, LLC has announced that it will purchase Sylvite Sales (USA) and Sylco Service and Terminal Co.’s Lewistown, Penn., facilities and business operations. Terms of the sale were not disclosed, however, the transaction is expected to take place in the first quarter of 2014.
“The partners of our companies felt the time was appropriate to pursue avenues that will allow our location to continue its rapid growth curve,” said Jeffrey Stine, Sylvite and Sylco president. “We are excited to be working with individuals in the Growmark FS organization that share our long term commitment to our suppliers and customers.”
“This acquisition is the most strategic move Growmark FS has initiated since its formation in December, 2002,” said Steve Buckalew, CEO, Growmark FS CEO. “Located in the geographical center of our marketing territory, it will allow us to better serve our existing customers and establish new customer relationships.”
Growmark FS is a single member limited liability company owned by Growmark Inc., Bloomington, Ill. Growmark FS, headquartered in Milford, Del., serves approximately 8,000 farmer customers in New York, Pennsylvania, New Jersey, Maryland, Delaware and Virginia. It offers a full line of agronomic products including fertilizers, crop protection products, seed and custom application services.