Simplot to Acquire Pinnacle Ag
Nearly five months after announcing its intention to “review strategic alternatives” for the company, Pinnacle Agriculture Distribution has chosen to go the way of acquisition, reports CropLife. It has signed an agreement to be acquired by J.R. Simplot Co. pending regulatory review.
Pinnacle Ag, currently ranked #6 in the CropLife 100, features 135 storefronts in 26 states, according to the 2019 CropLife 100 report, with deepest market penetration in the Delta and Southeastern U.S. Storefronts reach from Texas up through the Dakotas to the West, and from Western Georgia north to Michigan to the East.
Conversely, Simplot, ranked #7 in the CropLife 100, operates 90 locations in 14 largely western states, reaching as far east as the Red River valley, western Nebraska and Kansas, and southeastern Texas. The territory maps for both companies demonstrate very little coverage overlap as far as farmer-customer coverage.
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