Pinnacle Ag acquires 3-D Chemicals and 3-D Fertilizer
Pinnacle Agriculture Holdings LLC has acquired the assets of 3-D Chemicals LLC, 3-D Chemicals Inc., 3-D Fertilizer LLC, and 3-D Fertilizer Inc. Headquartered in St. Martinville, LA, 3-D currently operates two locations in St. Martinville and New Iberia, LA, with associated warehouses, primarily servicing the sugarcane growing area in Louisiana, west of the Atchafalaya Basin.
“I am excited to become part of an organization whose principles mirror those of 3-D and its staff,” said David Degeyter, who founded 3-D in 1976. “With the experience, network, and resources of both Pinnacle and Jimmy Sanders, we intend to substantially enhance our product and service offerings and continue working tirelessly for our valued customers.”
Kenny Cordell, CEO of Pinnacle, said the purchase of 3-D adds to Pinnacle’s growing portfolio. In September 2012, Pinnacle formed a strategic partnership with Jimmy Sanders Inc. (Green Markets Sept. 17, 2013), one of the largest family-owned agricultural input supply and distribution businesses in the Mid-South region, to pursue the development of a national agricultural input distribution network.
“David Degeyter is a highly respected veteran in the sugar cane industry,” said Cordell. “Together with his team of highly skilled employees, they have built a fine operation and a marquee brand. With the acquisition of 3-D, Pinnacle gains further access into the important and valuable South Louisiana sugarcane market. Together with G&H Seed Company, 3-D will operate as a significant member of the Jimmy Sanders team, providing high quality inputs and full-service capabilities to Southern growers.”
Pinnacle was formed in early 2012 by Apollo Global Management LLC, the investment firm that purchased United Agri Products North America in 2003 from ConAgra Foods Inc. (Green Markets Nov. 3, 2003), and then formed UAP Holding Corp, which it sold to Agrium Inc. in 2007 (Green Markets Dec. 10, 2007). Apollo also formed Compass Minerals Corp., the salt and specialty potash company based in Overland Park, Kan., in 2001 through the purchase of IMC Global’s salt assets. Apollo sold its Compass shares in 2004 (Green Markets Nov. 29, 2004).