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TERRA INDUSTRIES COMPLETES ACQUISITION OF ASGROW FLORIDA COMPANY

 SIOUX CITY, Iowa, Jan. 3 /PRNewswire/ -- Terra Industries Inc. (NYSE: TRA) today announced it has completed the acquisition of the business and most of the assets of Asgrow Florida Company (AFC), a subsidiary of The Upjohn Company (NYSE: UPJ), for approximately $31 million in cash. AFC, a distributor of fertilizer, crop protection products and seed, is a leading supplier to the vegetable and ornamental markets in Florida. The combination of AFC with TerraUs existing business in Florida will result in a broader range of products and services for Florida vegetable, citrus, ornamental and other growers. The combined organization will initially operate under the name Terra Asgrow Florida.
 Terra Industries Inc., with annual revenues over $1 billion, is a leading marketer and producer of fertilizer, crop protection products, seed and services for agriculture.
 -0- 1/3/94
 /CONTACT: Paula Norton of Terra Industries, 712-277-5438/
 (TRA UPJ)


CO: Terra Industries, Inc.; Asgrow Florida Company; The Upjohn Company ST: Iowa, Florida IN: AGR SU: TNM

DS -- MN008 -- 8526 01/03/94 13:18 EST
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Publication:PR Newswire
Date:Jan 3, 1994
Words:171
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