A pair of independent crop input retail outlets in west-central Alberta will be networking with seven others by month-end.
Crop Management Network (CMN), a joint venture between an employee-owned network of retail outlets and La Coop federee’s Agrico Canada arm, announced Wednesday it has reached a deal to buy Performance Ag Group.
Performance Ag, which itself took on a new ownership team in 2017, operates an outlet just south of Evansburg, Alta., about 45 km south of Mayerthorpe, and, since last April, a second outlet east of Calmar, about 15 km west of Leduc. The two sites provide granular and liquid fertilizers, crop pesticides and canola and forage seed.
“The business has great people and the geography fits into our footprint,” CMN CEO James Mitchell said in a release.
CMN’s other locations are largely further east in central Alberta and include sites at Edberg, Camrose, Daysland, Fort Saskatchewan, Holden, Vegreville and Stettler, plus a distribution and delivery firm, Sjogren Logistics.
Further expansion of its retail network has been one of CMN’s stated goals since Agrico Canada bought a 50 per cent joint venture stake in the operation in 2017.
Terms of the deal for Performance Ag weren’t disclosed Wednesday, except that the deal is expected to close before the end of March.
Mike Mueller will remain general manager of the Calmar and Evansburg sites and become an employee-owner in CMN, and the company’s other employees will be offered “opportunities to grow within CMN.”
“With (CMN) on board, we will be able to grow our product and service offering to our customers and be an integral part of their business,” Mueller said in the same release. — Glacier FarmMedia Network