Retail business should help Agrium offset grain's eventual slide: CEO
- Fertilizer company Agrium Inc. (TSX:AGU) will be in on solid ground when the inevitable bottom of the agricultural commodities cycle hits - thanks to its recent retail acquisitions, CEO Mike Wilson told shareholders Wednesday.
Agrium closed its $2.5 billion takeover of UAP Holdings Inc. this week, making the Calgary-based company the largest distributor of farm inputs in North America.
The company has also made acquisitions in Europe and China recently.
Many of Agrium's peers have avoided the retail business "which makes me happy. We don't need them around," Wilson said at the company's annual meeting.
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