Kent
Group Completes Another Agribusiness Merger and Acquisition Transaction.
Released on
= September 7, 2005, 8:35 am
Press Release
Author = James Kent
Industry = Agriculture
Press Release
Summary = Fertimix, Inc., a Jordan, MN fertilizer company, has been
successfully acquired by CE-Minne Industries Inc.
Press Release
Body = JORDAN, MN – August 24, 2005 – James W. Kent,
President & CEO of Kent Group Inc., (www.kentgroupinc.com) announced
today the successful completion of the acquisition of Fertimix,
Inc. by CE-Minne Industries Inc. Fertimix, Inc., is a Jordan, Minnesota
based specialty fertilizer and ice melt products company whose products
are utilized by lawn care companies, commercial grounds keepers,
municipalities, nurseries, sod growers, golf courses and many other
businesses that require professional grade fertilizer and ice melt
products. The company’s ice melt products are marketed under
the Melt-Mor trade name.
Daren Klegstad,
CE-Minne’s owner, reports he will continue to do business
as Fertimix and focus the company’s marketing and distribution
in the Midwest region currently concentrating in the Minnesota,
Wisconsin, Northern Iowa and Dakota areas. Daren has previous experience
in the lawn care industry.
Fertimix was
a subsidiary of Quali-Trade, Inc., a regional wholesaler of bulk
agricultural fertilizer ingredients. Quali-Trade, Inc. is also a
Jordan, MN based company. Harley Hohenstein, Quali-Trade’s
President & CEO stated the decision to divest Fertimix was influenced
by the need to keep Quali-Trade’s management focused on the
ever-changing agricultural fertilizer industry and the complexity
of
international sourcing, raw material price fluctuations and industry
consolidation. He said “Fertimix has been a great business
for us during the past 20 years and we thoroughly enjoy the industry.
We are confident Daren will keep Fertimix’s growth ongoing
and continue to serve customers very well.”
Kent Group Inc.
is a leading North American investment banking firm specializing
in agribusiness, food and related industries. Kent Group Inc. managed
and negotiated the transaction and acted as financial advisor to
Quali-Trade, Inc.
Web Site = http://www.kentgroupinc.com
Contact Details
= James W. Kent
President & CEO
P.O. Box 785
Minocqua, WI 54548
715-358-7528
www.kentgroupinc.com
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