Growmark has signed a letter of intent to acquire AgraForm, an agrichemical manufacturing company located in St. Louis.
“AgraForm employs a talented team and is a very well-run operation with strong commitments to safety, environmental responsibility, and customer service. Growmark is pleased to be part of continuing their legacy of success,” said Growmark COO Wade Mittelstadt.
AgraForm provides bulk formulation, agrichemical processing, spray drying, milling, packaging and storage services for chemical manufacturers. The company has two properties in St. Louis, one for manufacturing and one for dry storage.
“The AgraForm team is extremely excited to partner with Growmark to couple formulation processing with distribution for additional long-term value and growth for our current clients, Growmark customers, and FS Cooperatives,” said AgraForm president Ron Cunningham.
Because AgraForm produces and packages insecticides, fungicides, and biological products, Mittelstadt says the acquisition aligns with the company’s strategic priorities.
“This purchase enables us to grow efficiently in these product lines while providing the opportunity to produce proprietary product offerings in the future,” he said. “We can also strengthen our relationships with key suppliers who currently utilize AgraForm’s state-of-the-art manufacturing facilities.”
The deal is expected to close at the end of June.
