Canada’s Nutrien agrees to acquire 100% stake in U.S. Actagro for $340 mln

Canadian fertilizer company Nutrien Ltd. has agreed to acquire 100 percent stake in U.S.-based plant nutrient products maker Actagro LLC.

Actagro said that the deal also includes the research and development (R&D) team, R&D facility located in California hence supporting the continued development of soil and plant health technologies.

Nutrien said that the move is in line with its strategy of investing in higher-margin proprietary products that provide strong value for growers.

The purchase price is $340 million, including about $20 million in working capital, funded using Nutrien’s strong balance sheet and cash flow. The deal is subject to U.S. regulatory approval and will be closed in the first half of 2019.