“The combined companies have a stable financial record with gross sales of approximately $200 million and an average EBITDA of $8 million over the past three years, before anticipated synergies,” Agrium said in a news release.
The two companies sell an annual total 400,000 tons of fertilizer.
Agroport was founded in 1996 and it is active in the wholesale of chemicals. It is 68.76% owned by CerealToscana, while Romanian Trans Europa Management holds 31.23%.