CALGARY, Alberta -- Agrium Inc. announced today that it has successfully acquired control of Royster-Clark. A total of 32,070,190 Royster-Clark Income Deposit Securities (IDSs), representing 98.6 percent of the IDSs, were tendered to Agrium's offer.



"We are very pleased to have concluded this accretive acquisition and will immediately start the integration process in order to provide a smooth transition for our new employees and customers," said Mike Wilson, president and CEO of Agrium. "As the new industry leader in direct-to-grower agricultural retail sales, we are confident that we can create significant value for our customers, shareholders and employees.



"A key benefit from this acquisition is the addition of the experienced and valued employees of Royster-Clark," Wilson said. "We look forward to merging the talents of our two retail operations to create the premier North American agricultural retail company."



Royster-Clark is a major retail distributor of agricultural nutrients, seed and crop protection products and provider of agronomic services to U.S. growers, with over $1 billion in revenues. Royster-Clark operates over 250 farm centers throughout the Midwestern and Southeastern United States. It operates more than 30 facilities, including seed processing and fertilizer granulation and blending plants. It also operates more than 70 storage and distribution terminals and warehouses, managing approximately one million tonnes of total fertilizer storage capacity.



Agrium Inc. is a leading global producer and marketer of agricultural nutrients and industrial products and a major retail supplier of agricultural products and services in both North and South America. Agrium produces and markets three primary groups of nutrients: nitrogen, phosphate and potash as well as controlled release fertilizers and micronutrients.



SOURCE: Agrium Inc. via Business Wire.