MKC Agrees to Purchase Mid-West Fertilizer
Acquisition will include grain, wholesale and retail agronomy, energy, feed and trucking
Mid-West Fertilizer, Inc. and MKC, Moundridge, KS, have entered into a letter of intent for MKC to acquire Mid-West Fertilizer, a full-service agricultural retailer headquartered in Paola, KS.
"As our company enters into 40 years of existence, this is the right transition for our customers, employees and company," says Mid-West Fertilizer President and CEO Rod Silver. "When we looked to the future, it was important to partner with an organization that would bring value to producers, provide our employees' career development opportunities and allows our organization the opportunity to continue to be successful. MKC is the right partner to make that happen."
The acquisition will include grain, wholesale and retail agronomy, energy, feed and trucking. It is expected to be completed in early 2020.
MKC and Mid-West Fertilizer have worked beside one another for three years through their relationship with Team Marketing Alliance, LLC, a majority-owned subsidiary of MKC.
"The potential acquisition provides efficiencies in current operations, opportunities to expand our services to producers' operations in our footprint and increase relevance in the industry.
Like Mid-West Fertilizer, MKC shares similar values and a commitment to community stewardship," Silver says.
Dave Christiansen, MKC president and CEO, said Mid-West Fertilizer is a successful organization with talented employees who MKC looks forward to working with to continue to make producers more successful. "Together, we have identified benefits and opportunities we can gain by combining the organizations, which will allow our companies to continue to achieve more success," Christiansen said.
Mid-West Fertilizer and MKC are currently completing the required legal documents and due diligence necessary to finalize an acquisition. Silver will continue to lead Mid-West Fertilizer after the acquisition.