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Agricore United sells Farm Bus. Comm. to Glacier Ventures Int. Corp.


Agricultural sector product and service provider Agricore United Agricore United was a farmer-directed agri-business in Canada. It supplied crop nutrition and crop protection products, and offered grain handling and marketing services. It was created on November 1, 2001 by the merger of Agricore and United Grain Growers.  (Winnipeg, MB) has completed the sale of its Farm Business Communications (FBC See fully buzzword compliant. ) unit to Glacier glacier, moving mass of ice that survives year to year, formed by the compacting of snow into névé and then into granular ice and set in motion outward and downward by the force of gravity and the stress of its accumulated mass.  Ventures International Corp. (GVIC; Vancouver, BC) for C$14.4 million in cash and the assumption of C$l.6 million in liabilities, primarily prepaid pre·pay  
tr.v. pre·paid, pre·pay·ing, pre·pays
To pay or pay for beforehand.



pre·payment n.
 subscriptions. GVIC paid $12.2 million at closing and will pay the remaining $2.2 million in equal installments over three years.

FBC produces a number of farm business periodicals, including Country Guide (9x; 50,000), Canola Guide (6x; 25,000), Grainews (17x; 48,000), Manitoba Co-operator (51x; 13,000) and flagship Canadian Cattlemen (11x; 29,000) magazines. The company also produces related farm business, technical, producion and instructional materials in variety of formats.

GVIC president/ceo Jonathan Kennedy said "our goal is to continue to provide the quality and depth of essential information the FBC publications deliver to farmers and ranchers, and provide the highest level of service to the advertisers who seek to reach them."

GVIC is an information communications company Communications Company is a communications unit of the United States Marine Corps. They are part of Combat Logistics Regiment 37 , 3rd Marine Logistics Group (3MLG) and III Marine Expeditionary Force (III MEF). The unit is based out of the Marine Corps Base Camp Smedley D.  that seeks to expand through both organic growth and acquisitions. Current divisions include Specialty Publishers, a unit that produces reference and interpretive in·ter·pre·tive   also in·ter·pre·ta·tive
adj.
Relating to or marked by interpretation; explanatory.



in·terpre·tive·ly adv.
 regulatory and compliance materials, and Western Producer Publications, a unit acquired by GVIC in early 2002 that publishes such magazine titles as Western Producer, Western Canola Producer and Farm Computer Guide.
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Title Annotation:Agricore United (United Grain Growers Ltd.) sells Farm Business Communications (FBC); Glacier Ventures International Corp.
Publication:Business Publisher
Article Type:Brief Article
Geographic Code:1CANA
Date:Oct 31, 2003
Words:224
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