May 9, 2014 / 3:53 PM / in 3 years

Agrium sells turf and ornamental line to Koch

May 9 (Reuters) - Canadian fertilizer company Agrium Inc said on Friday that it will sell its turf and ornamental business to an affiliate of Koch Fertilizer LLC for $85 million including working capital.

The sale, expected to close in the second quarter, is part of a review Agrium completed last year that led to Agrium restructuring its three divisions into two business units.

Koch Fertilizer is a subsidiary of Kansas-based Koch Industries Inc, one of the largest privately held U.S. companies.

Agrium shares were down more than 1 percent in Toronto and New York in late morning trading. (Reporting by Rod Nickel in Winnipeg, Manitoba; Editing by Marguerita Choy)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below