6th July, 2006: WELLBURN, ONTARIO - It was announced today that Hutton Farm Supplies, a business unit of the Agronomy Company of Canada, and the Ontario feed division of Land O'Lakes, Inc. have partnered to create a new entity, Land O'Lakes Canada Ltd.
Each party will contribute its existing Canadian assets and ongoing business operations to Land O'Lakes Canada. The company will operate as an independent business unit directed by Brian Hazzard, president, who will report directly to a board comprised of Agronomy Company of Canada and Land O'Lakes senior management.
The new entity will provide the necessary capacity and technical expertise to allow for continued growth in the feed market throughout Ontario. It will also provide complete access to premix feeds for existing Land O'Lakes customers, and make pelleted feeds available to current Hutton Farm Supplies customers. These changes will provide an unprecedented range of feeding solutions to their entire customer base.
The administrative offices will be located in Guelph, Ontario, with a swine sales center in Wellburn, and production facilities in Peterborough, Wingham, Mitchell and Wellburn. Land O'Lakes Canada will endeavor to capitalize on the many synergies that will be available in manufacturing, distribution, marketing and technical sales expertise inherent in each business unit. The primary focus of the new company will be retail swine feed and premix sales, as well as Land O'Lakes proprietary dairy feeds and bagged specialty feeds marketed through existing alliance agreements.
Land O'Lakes Canada will also operate the current crop input and grain businesses located at its Wellburn facility.
