Bunn Fertiliser to be sold to Origin
Koch Fertilizer has announced that Bunn Fertiliser Ltd. has entered into an agreement to sell its business and certain assets, including six terminal locations to a subsidiary of Origin Enterprises PLC. As part of the transaction, Bunn Fertiliser’s employees will transfer to Origin. Bunn is a UK-based fertilizer distributor and blender. Origin is a national manufacturer and distributor of fertilizer with a strong presence throughout Ireland, the UK and Eastern Europe.
Koch purchased Bunn in 2011 (GM March 21, 2011).
“Bunn Fertiliser, in combination with Origin’s existing business, has the potential to provide a more competitive and efficient portfolio of fertilizer products that will ultimately benefit Bunn Fertiliser’s and Origin’s customers,” said Scott McGinn, president of Koch Fertilizer. “Moving forward, we remain committed to our global fertilizer business, and believe this transaction will better position Koch Fertilizer to create additional value for its customers and suppliers.”
The sale is subject to certain conditions, including approval from the Competition and Markets Authority in the UK, which is expected in the second quarter this year.