UAP Expands in Kansas and Nebraska through Acquisition of Boettcher Enterprises' Retail Distribution Business
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GREELEY, Colo., Jan. 15 -- UAP Holding Corp. (NASDAQ:UAPH) announced that its subsidiary, UAP Distribution, Inc., has entered into a definitive agreement with Boettcher Enterprises to acquire certain assets of its retail distribution business including real property, retail locations, equipment and storage tanks. This agreement is subject to customary closing conditions.
Boettcher Enterprises is a leading retailer of agricultural inputs with multiple locations in Kansas and Nebraska. In this two state region, the acquisition of this business should further UAP's strategy to expand retail market share. Boettcher has had a long standing wholesale relationship with UAP and has been one of our largest wholesale customers in this geography. The acquisition is expected to close in this fourth fiscal quarter.
"The acquisition of Boettcher Enterprises' distribution business greatly enhances UAP's presence in this key mid-western market," said Kenny Cordell, UAP Holding Corp.'s chairman, president, and CEO. "The expansion of our retail distribution through a quality organization such as Boettcher Enterprises is truly a great opportunity."
About UAP Holding Corp.
UAP Holding Corp. is the holding company of United Agri Products, Inc., the largest independent distributor of agricultural and non-crop inputs in the United States and Canada. United Agri Products, Inc. markets a comprehensive line of products, including crop protection chemicals, seeds and fertilizers, to growers and regional dealers. United Agri Products also provides a broad array of value-added services, including crop management, biotechnology advisory services, custom blending, inventory management and custom applications of crop inputs. United Agri Products maintains a comprehensive network of approximately 340 distribution and storage facilities and three formulation and blending plants, strategically located throughout the United States and Canada. Additional information can be found on the company's website, located at www.uap.com
Source: UAP Holding Corp.
CONTACT:
Karla Kimrey,
UAP Holding Corp.,
+1-970-356-4400
Web site: www.uap.com/
