"We are confident that by combining Viterra’s deep knowledge of western Canadian agriculture with Agrium’s experience as the largest agricultural input retailer in the world, we will be able to provide an expanded and highly competitive offering of products, services and technologies, while maintaining strong local relationships," Wilson added.
The transaction details will be disclosed upon completion of the acquisition, Agrium said.
Agrium initially had plans to buy about 90% of Viterra’s Canadian farm retail business, or 232 stores, which was pared down by the bureau to 210.
Agrium presently operates nearly 500 retail agricultural centres in the US and South America under the brand names – Western Farm Service, Crop Production Services, and Agroservicios Pampeanos S.A. Apart from being the biggest North American farm retail dealer, Agrium is also the world’s third-biggest maker of nitrogen.
Viterra, a Canadian grain handling business, operates a network of more than 250 retail outlets throughout the Prairies.