Hanfeng Evergreen Inc. (TSE:HF) a leading producer of slow and controlled release fertilizers in China, announced today that Hanfeng and Agrium Inc. have agreed that Hanfeng will purchase Agrium’s ownership in Hanfeng’s subsidiary responsible for developing Sulphur Coated Urea , known as Hanfeng Slow Release Fertilizer Co. Ltd. .

The press release is quoted as saying:

Agrium Inc. is a major retail supplier of agricultural products and services in both North and South America and a leading global producer and marketer of agricultural nutrients and industrial products.

Click here to access the entire press release