Agrium to Expand Controlled Release Business through Nu-Gro Acquisition
Nu-Gro is a manufacturer of controlled release and professional turf products. Nu-Gro has strong customer relationships and a number of widely recognized brands. Agrium is acquiring the four production facilities that manufacture these products, as well as the Nu-Gro head office in Brantford, Ontario.
Agrium will retain a multi-year supply arrangement with Spectrum for its Consumer Business. Nu-Gro's fertilizer technology and professional products employees, including John Hill and his senior management team as well as other key marketing and technology personnel, are expected to join Agrium as part of the transaction.
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