St. Louis-based nitrogen fertilizer producer Agrotain International has agreed to sell its assets to Koch Agronomic Services LLC, a subsidiary of Koch Fertilizer LLC, the companies announced earlier today. The deal is expected to close in the third quarter.
Citing his company's "great success" and "rapid growth," Agrotain president Mike Stegmann said the sale would bring "additional resources to meet demand." "As Koch has a strong presence in the fertilizer business, they approached us about possibly working together," he stated in a news release about the sale. "We saw how their resources could help bolster our position as a market leader in the enhanced efficiency fertilizer busines and it evolved into an offer to purchase." Steve Packebush, president of Koch Fertilizer, said the acquisition "will offer our customers the most comprehensive portfolio of value-added products on the market today."
Agrotain's StabilizedNitrogen fertilizers are currently licensed an sold in more than 74 countries. Koch Fertilizer LLC and its affiliates have the capability to manufacture, market and distribute more than 13 million tons of fertilizer products annually. Stegmann said that Lange-Stegmann Co. was not part of the purchase offer and would continue its terminal operations in St. Louis.
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