Agrium Inc. announced that it has successfully acquired control of Royster-Clark.Agrium Inc. announced that it has successfully acquired control of Royster-Clark, creating North America's largest retailer of crop inputs. The purchase price for the units including assumed debt is anticipated to be approximately $515-million (U.S.) and will be funded from Agrium's available cash and existing credit lines. Royster-Clark is a major retail distributor of agricultural nutrients, seed and crop protection products and provider of agronomic a·gron·o·my n. Application of the various soil and plant sciences to soil management and crop production; scientific agriculture. ag services to U.S. growers, with over $1 billion in revenues and EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) A metric used to show a company's profitability, but not its cash flow. EBITDA became popular in the 1980s to show the potential profitability of leveraged buyouts, but has become of approximately $65 million in 2005. Royster-Clark operates over 250 farm centers throughout the Midwestern and Southeastern U.S. Agrium has 91 retail outlets retail outlet n → punto de venta retail outlet n → point m de vente retail outlet retail n → in California California (kăl'ĭfôr`nyə), most populous state in the United States, located in the Far West; bordered by Oregon (N), Nevada and, across the Colorado River, Arizona (E), Mexico (S), and the Pacific Ocean (W). operating under the Western Farm Service brand and 115 retail outlets located in the Midwest operating under the Crop Production Services brand. |
|
||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion