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Pinnacle™ Agriculture Holdings, LLC announces the acquisition of eight seed companies

Monday, October 12, 2015 -

October 12, 2015  – BUSINESS WIRE – Pinnacle Agriculture Holdings, LLC (“Pinnacle”), has announced the purchase of eight regional seed companies to advance its seed business. Pinnacle has acquired: ProSelect, Inc., Kearney, Neb.; Seed Services of Nebraska, Inc., Minden, Neb.; AVN Seeds Partners, LLC, Minden, Neb.; AgVenture/GroMor, LLC., Ames, Iowa; Scherr's Seed LLC, Roscoe, S.D.; Corn Capital Genetics, Inc., Olivia, Minn.; Profiseed, LLC, Hampton, Iowa; and Teays Valley Farms, LLC dba Pureline, Princeton, Ill.

Pinnacle will operate the acquired businesses as part of the AgVenture, Inc. (“AVI”) network of seed companies, under the name AgVenture® Pinnacle™. Customers will continue to have access to AgVenture® and VPMaxx® brand seed products within the exclusive marketing territory. AgVenture Pinnacle companies will further advance the scope of the AgVenture Maximum Profit System™, an integrated production approach that helps customers dramatically increase yields, lower cost per bushel, and improve overall profitability on every acre. Pinnacle will also offer expanded products and services to customers, including crop protection chemicals, fertilizers, and precision agriculture capabilities.

Pinnacle plans to continue operating in the same locations as the acquired businesses previously operated and the leaders of each acquired company will continue in general and operational management roles.

Dave Treinen, Regional Business Director, AgVenture Pinnacle, said, “These companies are premier providers of AgVenture’s top quality seed products and professional season-long support that together help customers increase yields, lower cost per bushel, and improve profitability. Pinnacle’s long history in the production and sale of quality seed was a natural fit. Along with the full line of farm input products that Pinnacle brings to complement and enhance its seed offering, we expect to help growers further advance their goals.”

“This is an exciting move for our AgVenture and VPMaxx brands,” said Chuck Schneider, AVI Business Development Director. “Our brand value will continue to grow under this new approach. Customers will continue to work with the local professionals they know and trust. With Pinnacle, customers will also have access to crop protection, fertility/nutrient management and precision ag products and services. Together with AgVenture’s specifically selected and locally adapted seed products, and year-round professional seed expertise, we can support our customers’ cropping plans, yielding greater profitability throughout the region.”

“Pinnacle is backed by more than six decades of successful seed testing, production, sales, and management. Our union with this group of companies is an ideal situation, as Pinnacle is committed to making seed products a primary offering,” said Tommy Jumper, Pinnacle Vice President, Seed Procurement and Strategy. “We look forward to continuing a dedicated approach and committed relationships with customers to help more famers achieve higher yield goals, and sustained, long-term profitability.”

AVI will continue to support AgVenture Pinnacle locations with access to seed products and professional training to maintain the highest standards. AVI will also maintain its service to its nationwide network of regional seed companies with excellence in technology access and seed professionalism.

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AgVenture® and Maximum Profit System™ are trademarks of AgVenture, Inc.® VPMaxx is registered trademark of Pioneer. VPMaxx® brand seed is distributed by AgVenture, Inc. © 2015, AgVenture, Inc.

 

About Pinnacle Agriculture Holdings, LLC

Pinnacle Agriculture Holdings, LLC is a first-in-class agricultural retail and wholesale distribution business created through acquisitions and greenfield retail establishments. The company operates through its Sanders®, Performance Agriculture™, Providence Agriculture™, AgVenture Pinnacle, AgOne Application Services™, OptiGro®, Innvictis Crop Care™, Meridian Agriculture Distribution™, and Altitude Crop Care™ brands, serving growers across 28 states. Pinnacle is multifaceted in its operations, which include seed production and sales, agricultural chemical distribution, bulk handling of fertilizer, precision agriculture services and general merchandise for the farming, livestock and wildlife industries.

About AgVenture, Inc.

AgVenture, Inc. is the nation’s largest network of independently owned regional seed companies. Based in Kentland, Indiana, AgVenture provides this growing network of independently owned and managed seed business owners with seed products meeting exacting standards for quality, together with leading-edge genetics and technology. Since 1983, this unique marketing approach has allowed each individual company to match the hybrids and varieties it sells to the specific needs of the geographical area it serves. Combined with professional seed representation at a local level, AgVenture strives to help every grower realize more profit from every field.

For more information contact:

Tommy Jumper, Vice President – Seed Procurement
Pinnacle Agriculture Distribution, Inc.
(870) 239-1334
tommy.jumper@pinnacleag.com

Dave Treinen, Regional Business Director
AgVenture Pinnacle
(515) 360-4677
dave.treinen@pinnacleag.com

Matthew Paul, General Manager
AgVenture, Inc.
(515) 710-6258
matthew.paul@agventure.com