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Article: Land O'Lakes and CHS Focus on Repositioning Retail Agronomy Operations.
- Article from:
- PR Newswire
- Article date:
- July 11, 2007
CopyrightCOPYRIGHT 2007 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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INVER GROVE HEIGHTS, Minn., July 11 /PRNewswire/ -- Land O'Lakes, Inc. and CHS Inc. today said they are exploring strategic alternatives, including repositioning, for the retail agronomy business of Agriliance LLC. Land O'Lakes and CHS each hold 50-percent interest in Agriliance LLC.
The two companies said that they have retained BMO Capital Markets (Chicago Office) to assist them in the repositioning process, and are currently in exclusive negotiations exploring the sale of The Agronomy Company of Canada, ProSource One and Agriliance retail locations in the southern U.S. to a group which includes certain members of the Agriliance management team and financial ...