GREELEY, Colo. -- UAP Distribution Inc. has entered into a definitive agreement with Boettcher Enterprises to acquire certain assets of its retail distribution business including real property, retail locations, equipment and storage tanks.

This agreement is subject to customary closing conditions.

Boettcher Enterprises is a leading retailer of agricultural inputs with multiple locations in Kansas and Nebraska. In this two-state region, the acquisition of this business should further UAP's strategy to expand retail market share. Boettcher has had a long standing wholesale relationship with UAP and has been one of our largest wholesale customers in this geography.

The acquisition is expected to close in this fourth fiscal quarter.

"The acquisition of Boettcher Enterprises' distribution business greatly enhances UAP's presence in this key mid-western market," said Kenny Cordell, UAP Holding Corp.'s chairman, president, and CEO. "The expansion of our retail distribution through a quality organization such as Boettcher Enterprises is truly a great opportunity."

UAP Holding Corp. is the holding company of UAP United Agri Products Inc., the largest independent distributor of agricultural and non-crop inputs in the United States and Canada. United Agri Products markets a comprehensive line of products, including crop protection chemicals, seeds and fertilizers, to growers and regional dealers. United Agri Products also provides a broad array of value-added services, including crop management, biotechnology advisory services, custom blending, inventory management and custom applications of crop inputs. United Agri Products maintains a comprehensive network of approximately 340 distribution and storage facilities and three formulation and blending plants, strategically located throughout the United States and Canada.

SOURCE: UAP Holding Corp. via PR Newswire.