Wynnstay Group subsidiary Glasson Grain has increased its access to imported fertilisers through the purchase of an import facility on the east coast of Scotland, subject to regulatory approval. Financial details of the transaction are not available – it is expected to complete during Q4 2017.
Glasson and Origin UK Operations have reached an agreement in principle for Glasson to purchase the former Bunn Fertiliser site and fertiliser processing facilities at Montrose, subject to final approval by the Competition and Markets Authority.
Origin agreed to acquire Bunn Fertiliser and its six terminal locations from Koch Industries for £14 million in March this year, in a deal that closed in August. Origin already had eight import terminals, including at Invergordon in north east Scotland and Ayr on the west coast.
The Competition and Markets Authority had agreed to Origin holding the Bunn site at Montrose separately, after agreeing in principle to Origin ultimately divesting the site as part of its clearance for the wider purchase of the Bunn operation.
Glasson Grain is based at Glasson Dock, near Lancaster. In addition to feed trading and manufacturing, it has its own fertiliser blending operation, Glasson Fertilizers, at Winmarleigh near Preston. The business is also a partner with NW trading in the FertLink joint venture fertiliser importing and blending business with facilities in Birkenhead and Goole, the latter site operated with fertiliser importer and distributor Thomas Bell.
“We are delighted to have the opportunity to expand our fertiliser operations with the acquisition of the Montrose facility,” says Glasson fertiliser director Robert Ingham. “We look forward to working with and being able to better service our customers throughout Scotland.”