Agrium to focus on growth of retail unit

Fertilizer maker Agrium Inc (AGU.TO) may have failed to clinch a deal to acquire U.S. rival CF Industries (CF.N), but it continues to look for acquisition opportunities to expand its North American retail business.

The press release is quoted as saying:

Agrium’s retail network in North America is roughly three times larger than the second-largest player in the region and its retail unit alone boasted sales of more than $6 billion in 2009. However, it still commands only a 15 percent market share in the region and the company plans to double this market share over time.

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