CALGARY—Agricultural products maker Agrium Inc. has agreed to sell its storage and distribution facilities in Niota, Ill. and Meredosia, Ill. to subsidiaries of New York-based Trammo, Inc.
The sale price is approximately US$50-million and is part of Agrium’s recent portfolio review process.
The transaction is subject to customary closing conditions, final purchase price adjustments and regulatory clearances and is anticipated to close by the first quarter of 2015.
Trammo, Inc. trades, markets and distributes ammonia, energy products, fertilizers, raw materials, chemicals and other commodities.
Calgary-based Agrium Inc. produces and distributes agricultural products and services in North America, South America and Australia.