“We are excited about the opportunity to merge AWB’s strong market presence and extensive experience with Agrium’s international crop input sourcing capabilities, with a view to further enhancing product and service offerings to Australian and New Zealand customers,” said Mike Wilson, Agrium chief executive officer and president. “I would like to thank the management team of AWB for all their efforts to make this a seamless process and to extend a warm welcome to all AWB employees.”
The Landmark business is a leading agricultural retailer in Australia, with over 200 company operated retail locations, over 140 additional retail franchise and wholesale customer locations in Australia and investments in various related joint venture companies.
With regard to the commodity management operations, Agrium has not had direct participation in the grain handling and trading business to date. The company continues to evaluate its options with respect to this business and expects to provide clarity on this in the near future. Agrium expects the acquisition of AWB to be accretive in 2011.
