UAP Distribution expands into upper Midwest

From a press release this morning:

UAP Distribution, Inc., has entered into a definitive agreement with AGSCO, Inc. to acquire certain assets of its retail distribution business and its affiliated services businesses, Ag Depot, Inc. This agreement is subject to customary closing conditions.

AGSCO is a regional distributor of chemicals, with a growing seed and fertilizer business. AGSCO has multiple retail locations in Minnesota, Montana, North Dakota, and South Dakota and approximately 37 sales people. CropLife Magazine recently ranked AGSCO as the 20th largest U.S. company as measured by retail sales. Ag Depot is a warehouse business for agricultural chemical suppliers.

"The acquisition of AGSCO Inc. solidifies UAP's presence in this key regional market and demonstrates UAP's commitment to expanding its retail distribution business," said Kenny Cordell, UAP Holding Corp.'s chairman, president and CEO. "We continue to march forward on our acquisition strategy that should grow revenue, strengthen margins, expand the opportunity for our proprietary products and fill-in gaps in our nationwide footprint."