Released: Camrose, Alberta, May 3, 2019
Crop Management Network (CMN) Inc. announces that Performance Ag Group and CMN will not proceed with the proposed transaction that was previously announced in March 2019. As both parties worked through the usual processes involved in transactions of this nature, it became apparent that the deal for CMN to acquire the assets of Performance Ag Group was not in the best interests of either company. For this reason the conditional agreement was terminated.
CMN will continue to look for growth opportunities in the future and is looking forward to the upcoming growing season.
About Crop Management Network:
Crop Management Network is a joint venture comprising of local employee ownership. With locations in Camrose, Daysland, Edberg, Fort Saskatchewan, Holden, Vegreville, and Stettler, coupled with an integrated logistics company, they are Alberta’s largest independent retail network.
Media contact for CMN: James Mitchell, CEO | 780 678-0970 | firstname.lastname@example.org