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Agrium Inc. Message Board

  • megstockbuyer megstockbuyer Jan 8, 2014 6:47 PM Flag

    Big News Tonight---AGU Soars in After Hours Trading!!!

    Agrium Announces Strategic Review of Agrium Advanced Technologies
    Agrium Inc.
    18 minutes ago

    CALGARY, ALBERTA--(Marketwired - Jan 8, 2014) - Agrium Inc. (AGU.TO)(AGU) announced today that it recently completed a strategic review of its Agrium Advanced Technologies ("AAT") business unit as part of our on-going focus on optimizing our business. As a result of the review process, Agrium has decided to transition to two Strategic Business units, Wholesale and Retail in the first quarter of 2014. AAT's agriculture business, which is comprised of Environmentally Smart Nitrogen ("ESN") and micronutrients, will become part of Agrium's Wholesale business unit to more effectively leverage Wholesale's strengths in manufacturing and distribution. Both micro-nutrients and ESN were part of Agrium Wholesale prior to the creation of AAT. ESN in particular will remain a key premium product offered by Agrium, given the strong growth in demand for this industry leading and environmentally-friendly product.

    The Turf and Ornamental and Direct Solutions businesses are under further strategic review with all options, including divesture, being considered. The review is expected to be completed in the first half of 2014.

    Agrium will provide further communication and clarity on this matter, including the impact of any reorganization cost, as we work through the transition in the next few months. A key component of our transition plan will be to execute the changes seamlessly and minimize business disruption for customers, suppliers, and employees. This reorganization is expected to have a positive net benefit to Agrium's on-going earnings profile.

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