UAP announces second Midwest acquisition this month

UAP Distribution, Inc., announced an agreement with Boettcher Enterprises to acquire certain assets of its Kansas and Nebraska ag retail distribution business including real property, retail locations, equipment and storage tanks.

It was UAP's second announced acquistion in the Midwest this month.

In this 2-state region, the acquisition should further UAP's strategy to expand retail market share, according to a press release this afternoon. Boettcher has had a long standing wholesale relationship with UAP and has been one of UAP'slargest wholesale customers in that area. The acquisition is expected to close in this fourth fiscal quarter,the release stated.

"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."

Earlier this month, UAP announced an agreement with AGSCO, Inc. to acquire certain assets of its retail distribution business and its affiliated services businesses, Ag Depot, Inc. AGSCO has multiple retail locations in Minnesota, Montana, North Dakota, and South Dakota and approximately 37 sales people.

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