Nutrien acquired Actagro for $340m.

Nutrien, a Canadian fertilizer company, acquired Actagro, a leading developer, manufacturer and marketer of environmentally sustainable soil and plant health products and technologies for $340m. Actagro’s premier commercial portfolio includes approximately 30 specialty products that have a strong track-record of increasing crop productivity and financial returns for growers. "The acquisition of Actagro is aligned with Nutrien’s strategy to invest in higher-margin proprietary products that provide strong value for growers. Actagro has a strong track record of developing and manufacturing high-value crop nutrition products and we see a significant opportunity to expand the business by leveraging the global reach of our Retail network and the expansion of Actagro’s strong relationships with domestic and international distributors. Nutrien will continue to use its strong balance sheet and cash flow to prudently allocate capital towards growth opportunities that create value for our customers and our shareholders," commented Chuck Magro, Nutrien's President and CEO.