Growmark finalizes purchase of Agway agronomy, Seedway assets

Bloomington, Ilinois
December 3, 2002

Agricultural supplier GROWMARK, Inc., Bloomington, IL, today finalized the purchase of the agronomy assets of Agway, Inc. and the assets of Seedway, Inc. The transactions include seed production facilities, wholesale and retail agronomy facilities, and Agway’s equity interest in CF Industries and Allied Seed L.L.C. The terms of the agreement were not released.

According to GROWMARK CEO Bill Davisson, the agronomy and seed businesses in the Northeast U.S. will be managed by GROWMARK Vice President of Eastern Retail Operations Ed Rodenburg.

Rodenburg, who will relocate to the area, was named Ontario region manager for GROWMARK in 1994. He later served as general manager of agri-business for Agricore of Calgary, Alberta, Canada. Rodenburg also served Agricore as general manager, grain and special crops, before returning to GROWMARK as a consultant in October 2002.

"As we bring the ‘FS’ brand to farmers in the eastern United States, I’m confident they will be the beneficiaries of the professional people, products, and services that create solutions to farmers’ unique challenges," Rodenburg says. "Our vision is to improve long-term farm profitability through innovation and a commitment to excellence. I am eager to work with the teams of top-notch employees already in place at the various locations."

GROWMARK, Inc., is a regional cooperative that provides agriculture-related products and services to local cooperative members and their farmer-owners in the U.S. and Ontario, Canada. Visit the GROWMARK Web site at www.fssystem.com.

Company news release
5079

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