UAP to buy Terral AgriService in Louisiana

Doane Agricultural Services posted the following item on our content site today:

7/14/2006 -- GREELEY, Colo. -- UAP Holding Corp. has reached an agreement in principal to acquire Terral AgriService Inc. and certain assets of Terral FarmService Inc. and Wisner Elevator Inc.

The acquisition is contingent on confirmatory due diligence and the negotiation of definitive agreements.

Terral, a leading chemical, fertilizer and seed distributor with more than 3,000 customers, has been operating in Northeast Louisiana for more than 60 years. UAP anticipates the Terral acquisition will solidify its leadership position in this market by expanding its fertilizer capabilities and significantly increasing its market share for chemicals, fertilizer and seed.

The acquisition will also contribute several key assets, including five distribution facilities throughout Northeast Louisiana and key management and sales personnel. As part of the transaction, Brad Terral will enter into an agreement to remain with the business for two years.

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.

Source: UAP Holding Corp. via PR Newswire.

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