AT CLOSING NEWS.Rawhide Holdings Corp., a wholly owned subsidiary of DLJ Merchant Banking Partners III, L.P., a private equity fund affiliated with Donaldson, Lufkin & Jenrette, Inc., has reached an agreement to acquire the stock of packer IBP, Inc., Dakota Dunes, S.D. Once the purchase is completed in early 2001, DLJ Merchant Banking Partners III and affiliated funds will become the majority owner of IBP Other investors will include Archer Daniels Midland Co., Booth Creek Partners and certain IBP management employees. Meister Publishing Co., Willoughby, Ohio, publisher of Farm Chemicals, has acquired Clear Window Multimedia, St. Louis, publisher of Dealer Progress. Included in the acquisition are Clear Window's Precision Agriculture Buyer's Guide and accompanying Web site. Farm Chemicals and Dealer Progress will jointly launch the CyberDealer Initiative, a multimedia venture covering distribution-related e-business. Dealer Progress publisher K. Elliott Nowells and associate publisher Dan Bellanger will relocate to Willoughby. Pfizer Inc., New York, has agreed to sell the feed-additive products of its animal health group to Phibro Animal Health, Fairfield, N.J., a wholly owned subsidiary of Philipp Brothers Chemicals, Inc., Fort Lee, N.J. Additionally, Philipp Brothers has announced that it intends to divest Agtrol International, a global leader in the development and marketing of copper- and tin-based fungicides and plant growth regulators for the fruit and vegetable markets. The National Grain and Feed Association has concluded an agreement with Data Transmission Network Corp., Omaha, Neb., to provide electronic data interchange (EDI) services to the grain, feed and processing industry. Under the agreement, DTN will assume management and marketing functions of NGFA NGFA - National Girl's Football Association NGFA - National Grain and Feed Association NGFA - National Guard Family Association NGFA - Nerve Growth Factor, Alpha Subunit NGFA - North Georgia Fastpitch Association NGFA - North Georgia Football Association NGFA - North Gwinnett Football Association (Suwanee, Georgia)'s EDI program, which was launched in 1997. Colle & McVoy, Minneapolis, will develop the communications launch plans and campaign for Syngenta AG, the result of the pending merger of the Zeneca Agrochemicals business with the Novartis Agribusiness. Myrna Krueger of Colle & McVoy will lead the planning effort. Mangan Holcomb Rainwater Culpepper, Little Rock, Ark., adds three new agricultural accounts to its client list. The agency will provide full communications and marketing services to RiceTec, Inc., Alvin, Texas, Agracat Inc., Farmington, Ark., and Farm Credit Services of Central Arkansas. The acquisition of the agricultural products division of Unocal Inc., El Segundo, Calif., by Agrium Inc., Calgary, Alberta, has closed. The acquisition increases Agrium's nitrogen capacity by 60 percent, making it one of the largest suppliers to the world nitrogen market. Marketing, sales and support functions will be centralized in Agrium's Denver office for U.S. agricultural sales and in its Calgary office for the international and industrial sales. A co-marketing agreement has been reached between Powerfarm, Inc., a subsidiary of Ag Services of America, Cedar Falls, Iowa, and [mPower.sub.3] Inc., Greeley, Colo., a leading agricultural information technology company. As part of the agreement, Powerfarm will offer customers access to the full line of [mPower.sub.3] subscription products. Agro Pacific Industries Ltd., Chilliwack Chilliwack (chĭl`ĭwăk), district municipality (1991 pop. 49,531), SW British Columbia, Canada, on the Fraser River. It is an agricultural, dairying, and logging center. The main industry is food processing., British Columbia, completes the sale of its crop products division to Terralink Horticulture Inc., a company established by Triwest Capital Partners Inc., Calgary Alberta. Stan Loewen, vice president of the crop products division with Agro, has been appointed general manager of Terralink. XS, Inc., Raleigh, N.C., announces the formation of a new division, Nterline, to help agricultural input suppliers incorporate e-commerce and supply chain management tools into their Web sites. Nterline is the e-commerce platform that has supported XSAg.com. |
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