Agrium Inc., Calgary, Alberta, announces it has concluded the purchase from Spectrum Brands Inc., Atlanta, GA, of its Nu-Gro fertilizer technology and professional products businesses.Agrium Agrium Inc. NYSE: AGU TSX: AGU engages in the production, marketing, and distribution of agricultural products and services, and nutrients for agricultural and industrial markets in the United States and Argentina. Inc., Calgary, Alberta, announces it has concluded the purchase from Spectrum Brands Inc., Atlanta, GA, of its Nu-Gro fertilizer fertilizer, organic or inorganic material containing one or more of the nutrients—mainly nitrogen, phosphorus, and potassium, and other essential elements required for plant growth. technology and professional products businesses. Agrium will fund the purchase price of $86-million from cash on hand. This acquisition is expected to boost Agrium's sales and earnings in the growing specialty fertilizer segment and provide sufficient critical mass to form a new Strategic Business Unit. "With the addition of Nu-Gro, we enhance our position as a leader in controlled release fertilizers and add another stable earnings stream to our portfolio of businesses and products," said Mike Wilson Mike Wilson could refer to the following people:
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