Simplot Acquires Pinnacle Agriculture
The J.R. Simplot Company has announced it agreed to acquire all of the interests in Pinnacle Agriculture Enterprises LLC. and its subsidiaries. The target acquisition close date is in early 2020.
“We are thrilled to welcome Pinnacle employees, customers and partners. By combining our geographic footprint and shared commitment to service, we will better serve customers in some of the most important agricultural communities in the world. We look forward to bringing together these complementary businesses and continuing to create value for our customers,” said Doug Stone, president of Simplot’s AgriBusiness Group.
Pinnacle Agriculture offers crop protection and fertilizer solutions including for potatoes, like for example, Velume Prime – a nematicide with fungicidal activity. The company also offers a seed product portfolio derived from high-quality plant genetics and traits.
The combined complementary footprint of Simplot Grower Solution and Pinnacle stores will grow to more than 200 locations across North America, with approximately 2,7000 employees and more than 500 crop advisors.