Agrium

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Agrium Inc.
Public company
Traded asTSX: AGU
NYSE: AGU
(until December 2017)
ISINCA0089161081 Edit this on Wikidata
IndustryChemicals, Agriculture
FateMerged with PotashCorp
SuccessorNutrien
Founded1931
DefunctDecember 2017 (2017-12)
HeadquartersCalgary, Alberta, Canada
Area served
Worldwide
Key people
Victor J. Zaleschuk (Director)
(Chairman of the Board)

Chuck Magro (CEO)
ProductsAgricultural products and services
RevenueIncrease US$16.0 billion (2014)[1]
Increase US$3.6 billion (2014)[1]
Increase US$720 million (2014)[1]
Total assetsIncreaseUS$17.1 billion (2014)[1]
Total equityIncrease US$6.7 billion (2014)[1]
Number of employees
15,500 (2014)[1]
DivisionsAgrium Retail
Agrium Wholesale
SubsidiariesAgrium U.S.
Websiteagrium.com

Agrium was a major retail supplier of agricultural products and services in North America, South America and Australia and a wholesale producer and marketer of all three major agricultural nutrients and a supplier of specialty fertilizers in North America.

Agrium was founded as Cominco Fertilizers (short for Consolidated Mining and Smelting Company[2]) in 1931 and changed its name to Agrium in 1995. Agrium is headquartered in Calgary, Alberta, Canada. Crop Production Services, Inc., a subsidiary company, is based in Loveland, Colorado and is the location of Agrium's Retail Business Unit head office. The company is a part-owner of Canpotex, which manages all potash exporting from Saskatchewan.[3]

On September 12, 2016, Agrium announced that it had agreed to merge with PotashCorp, which will make the combined company, Nutrien, the largest producer of potash and second-largest producer of nitrogen fertilizer worldwide.[4][5][6] Agrium will divest certain U.S. assets.[7] The merger closed on January 1, 2018.[8]

Business units[edit]

Agrium operates in two business segments:

Retail[edit]

Agrium operates close to 1,500 retail agricultural centres in the U.S., Canada, South America and Australia under the brand names Crop Production Services (CPS), Crop Production Services Canada (CPSC), Agroservicios Pampeanos S.A. and Landmark.[9] Crop Production Services was acquired in 1994.

On December 3, 2010 Agrium announced the completion of the acquisition of the Australian Wheat Board for a total acquisition price of $1.236-billion Australian dollars.[10] This acquisition adds to the retail division of Agrium. Roughly 40% of the AWB holdings were sold to Cargill, including the Commodity Management Business.[11]

In October 2013, Agrium announced the acquisition of Viterra's Canadian retail assets,[12] after previously acquiring Viterra's retail locations in Australia.[13]

Environmental and social impacts[edit]

In 2003 Agrium was issued an administrative compliance order for excessive emissions at a Kennewick, Washington plant.[14] Agrium discovered the violations at the Kennewick facility through a comprehensive Clean Air Act audit of the facility in late 2000. Agrium promptly reported the audit findings to EPA under EPA's policy on Incentives for Self-Policing, also referred to as the "Self-Disclosure Policy". In 2005 Agrium was fined for failure to disclose release of toxic gases at this same plant.[15]

References[edit]

  1. ^ a b c d e f "Annual Report 2014". Archived from the original on 2015-03-27. Retrieved 2008-10-07.
  2. ^ http://www.michaelkluckner.com/bciw4blaylock.html
  3. ^ "Canpotex Limited - Complete Profile". Industry Canada. 2009-06-18. Retrieved 2010-09-07.
  4. ^ MacPherson, Alex (2017-06-21). "'Something forward-thinking, with the promise of innovation': PotashCorp, Agrium to merge as Nutrien". The StarPhoenix. Retrieved 2017-06-21.
  5. ^ "Agrium-PotashCorp merger could signal 'next great frontier,' Calgary chamber president says". CBC News. Retrieved 13 September 2016.
  6. ^ "Potash Corp., Agrium agree to merger that would create $36B agriculture giant". CBC News. 2016-09-12. Retrieved 2016-09-12.
  7. ^ "Agrium sells U.S. plants to ease Potash Corp merger concerns". BNN. 2017-11-07. Retrieved 2017-11-07.
  8. ^ "Merger of PotashCorp and Agrium finalized as shares in Nutrien start trading". CBC News. Retrieved 2018-01-03.
  9. ^ "Archived copy". Archived from the original on 2015-08-21. Retrieved 2015-09-15.CS1 maint: archived copy as title (link)
  10. ^ "Agrium completes acquisition of AWB". Retrieved 2011-11-12.
  11. ^ "Agrium Sells AWB Commodity Management Business to Cargill". Retrieved 2011-11-12.
  12. ^ http://www.agcanada.com/daily/agrium-seals-deal-for-viterra-retail-chain
  13. ^ https://www.reuters.com/article/2013/09/05/us-glencore-viterra-idUSBRE98411P20130905
  14. ^ Agrium U.S. faces Clean Air Act violations in Kennewick | Newsroom | US EPA
  15. ^ Kennewick Fertilizer Plant Issued $24,575 Penalty for Late Reporting of Hazardous Gas Release | Newsroom | US EPA

External links[edit]

Media related to Agrium at Wikimedia Commons