OREANDA-NEWS. May 16, 2014. Agrium Inc. (TSX and NYSE: AGU) announced today that it has entered into a definitive agreement with Koch Agronomic Services, LLC, an affiliate of Koch Fertilizer, LLC, to sell its Turf and Ornamental business for approximately USD 85-million including working capital.

As previously reported, this transaction is part of a strategic review process completed in 2013 with regards to the discontinued operations of the former Agrium Advanced Technologies (“AAT”) business unit. The transaction is subject to customary closing conditions, final purchase price adjustments and regulatory clearances and the sale is anticipated to close in the second quarter of 2014.

“We are very pleased with the value received for the Turf and Ornamental business and will continue to focus on optimizing our portfolio and product lines to generate additional value for our shareholders,” commented Chuck Magro, Agrium’s President and CEO.

About Agrium

Agrium Inc. is a major global crop input Retail supplier of agricultural products and services in North America, South America and Australia and a leading global Wholesale producer and marketer of all three major agricultural nutrients and the premier supplier of specialty fertilizers in North America. Agrium’s strategy is to provide the crop inputs and services needed to feed a growing world. We focus on maximizing shareholder returns by driving continuous improvements to our base businesses, pursuing value-added growth opportunities across the crop input value chain and returning capital to shareholders.