Brandt Consolidated, Inc., based in Springfield, Ill., has acquired of Monterey AgResources, headquartered in Fresno, Calif.
The acquisition of Monterey AgResources fits Brandt’s aggressive corporate strategy providing superior representation, production and warehousing for customers throughout North America and around the world, according to Brandt President Rick Brandt.
“The acquisition of Monterey AgResources exemplifies the Brandt vision of growth, success and control," said Brandt. "Monterey's superior personnel, product portfolio and trade areas are a great compliment to Brandt. “We are pleased to have a company with the reputation of Brandt acquiring our company,” said John Salmonson, president of Monterey AgResources. “Brandt’s culture and philosophy of doing business are very similar to ours and this should make a seamless transition for our suppliers, customers, and personnel.” Salmonson and Tom Thomson, vice president, will continue to operate the company under the new agreement with Brandt and will retain a minority share in the company.
"Our two companies have had a 20-year relationship,” said Bill Engel, executive vice president of Brandt. “It is extremely gratifying to be able to take this relationship to the next level. I believe that a great deal of synergy will be created with this acquisition.” Brandt and Monterey both formulate, package and market specialty products and chemicals for all agriculture systems. Additionally, they offer a broad range of products for the greenhouse, ornamental, turf, home and garden, aquaculture and feed markets.