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Article: La Coop federee to acquire ACC.(MILL MARKET)
- Article from:
- Feedstuffs
- Article date:
- November 10, 2008
CopyrightCOPYRIGHT 2008 Miller Publishing Company, Inc. 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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LA Coop federee, Land O'Lakes Inc. and CHS Inc. have agreed to a share purchase agreement under which La Coop federee will acquire the shares of Agronomy Company of Canada Ltd. (ACC), a 50-50 joint venture between Land O'Lakes and CHS.
Terms of the acquisition, which is expected to close Dec. 31, were not disclosed.
In the transaction, La Coop federee will acquire the shares of ACC, including:
* The ACC corporate office and grain assets based in Belton, Ont.;
* Wellburn Agromart Ltd., a crop input and grain subsidiary of ACC located in Wellburn, Ont.;
* An ownership position in 20 Agromart retail businesses across four ...