GREELEY, Colo. -- UAP Holding Corp. announced today it has closed the acquisition of Terral AgriService Inc. and certain assets of Terral FarmService Inc. and Wisner Elevator Inc.



The company previously announced its intent to acquire Terral, pending due diligence and the negotiation of definitive agreements.

Terral, a leading chemical, fertilizer and seed distributor with over 3,000 customers, has been operating in Northeast Louisiana for over 60 years. The acquisition will contribute several key assets, including five distribution facilities throughout Northeast Louisiana and key management and sales personnel.



As part of the transaction, Brad Terral, vice president of Terral FarmService and Wisner Elevator, will remain with the business for two years.



Kenny Cordell, UAP Holding Corp. CEO, said, "We are very pleased to have closed on our purchase of Terral. This acquisition is an ideal fit with UAP's stated growth strategy, as it will expand our distribution reach and increase our market share in chemicals, fertilizer and seed. We are confident in our ability to quickly integrate the two companies and capitalize on the rich heritage of Terral."



UAP Holding Corp. is the holding company of United Agri Products, Inc., the largest independent distributor of agricultural and non-crop inputs in the United States and Canada. United Agri Products maintains a network of approximately 340 distribution and storage facilities and three formulation and blending plants, located throughout the United States and Canada.



SOURCE: UAP Holding Corp. via PR Newswire.