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During the first quarter of 1996, IMC acquired Chicago-based fertilizer producer and distributor Vigoro Corp. for a $1.16 billion (~$2.08 billion in 2023) stock exchange. [8] At this point, IMC Corporation was renamed to IMC Global and the potash operations became IMC Kalium.
Scotts was founded in 1868 by Orlando M. Scott as a premium seed company for the U.S. agricultural industry. In the early 1900s, the company began a lawn grass seed business for homeowners, and in 1924, became the first company to ship grass seed products directly to stores. Prior to 1924, Scotts products were only available through the mail. [5]
Miracle-Gro, a water-soluble fertilizer, was developed after Horace Hagedorn met nurseryman Otto Stern and learned of Stern's troubles shipping plants in 1944. [1] [2] [3] They hired O. Wesley Davidson, a Rutgers University professor, to develop the fertilizer. [1] In 1950, the company was formed after Hagedorn's wife Peggy named the product.
Fertilizing those tomatoes — or cucumbers or flowers, for that matter — is another story, as the cost of soil amendments has been soaring. Most fertilizers contain three primary nutrients ...
The Mosaic Company was formed in October 2004 by a merger between IMC Global, a fertilizer company formed in 1909, and Cargill's crop nutrition division. It is a combined producer and marketer of concentrated phosphate and potash with a customer base which includes wholesalers, retail dealers and individual growers worldwide.
OCI Global, the Dutch parent of Iowa Fertilizer Co., said Monday it sold 100% equity interest of the Wever plant to Koch Ag & Energy Solutions, a Koch Industries company, for $3.6 billion.