Thursday, February 21, 2008

Agrium could pursue large acquisitions next year

Agrium, the listed Calgary, Alberta-based agriculture retailer and fertilizer entity, could pursue big acquisitions next year, according to the Calgary Herald.
Mike Wilson, CEO of Agrium, said in the 21 February news report that the company, which is buying listed Greeley, Colorado-based rival UAP Holdings, could seek out large acquisitions between the second half of next year and 2010.
He explained that his company, which could pursue opportunistic acquisitions if suitable large targets are not found, will hold off on imminent transformational buys until it has "integrated" UAP.
In the report, Wilson discussed his company's plans to grow and to pick up additional market share in the US market.


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