Agrium concludes Nu-Gro acquisition

30-Jan-2006

Agrium Inc. announced that it has concluded the purchase from Spectrum Brands Inc. of its Nu-Gro fertilizer technology and professional products businesses. Agrium will fund the purchase price of $86-million (U.S.$) 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.

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