Quick Take
Nutrien (NTR) has announced a deal to acquire Actagro for $340 million in consideration.
Actagro has developed a line of soil and plant health products that increase crop productivity.
NTR is continuing to acquire smartly as it seeks to grow its business in a consolidating industry.
Target Company
Fresno, California-based Actagro was founded in 1997 to research and commercialize organic acids to improve crop yields through soil and plant health treatments.
Management is headed by CEO Monty Bayer and COO Greg Crawford, each of whom has extensive industry experience.
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