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EPR Archived News |
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 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
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2012
