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Loveland, Colorado, March 29, 2018 -- Pinnacle Agriculture Distribution, Inc. (“Pinnacle”), a leading agricultural retailer, announced today the opening of three new locations throughout Arkansas. Pinnacle has acquired certain assets from Lake Village Seed & Tire Co., Inc. (“Lake Village Seed”) which include an agriculture retail location in Lake Village, Ark. and a fertilizer house in Eudora, Ark. The company has also invested in a new location in Lepanto, Ark.
Lake Village Seed has been serving local growers throughout southeast Arkansas for more than 30 years. With long-time customers and employees with agronomical expertise, the Lake Village and Eudora additions to the Pinnacle footprint help create a solid presence. The addition of the Lepanto location provides Pinnacle an entry to a new, opportunistic market in northeast Arkansas. The investment in Lepanto also brings unique access to a community of growers farming in a high-input crop area. The rich farmland with long-time, knowledgeable growers make Arkansas a key geography for the company.
“Pinnacle is very excited to invest and expand with three new locations which fit nicely into our current overall Arkansas footprint to support the strategy of being the best locally, first,” said Rob Marchbank, Chief Executive Officer. “Arkansas is a terrific market for Pinnacle. We want to profitably grow our business here, invest in our employees and take care of our customers by offering value-enhancing products and services and building lasting relationships with our customers. These new locations will enable Pinnacle to offer customers all their farm input and supply needs.”
The locations in Lake Village, Ark., Eudora, Ark. and Lepanto, Ark. add to Pinnacle’s existing footprint of retail locations in the state of Arkansas. Pinnacle will build from the long-term relationships created and will continue to offer superior services and products including seed, custom fertilizer blends and crop protection products as well as its award-winning OptiGro® precision agriculture services throughout all retail locations in Arkansas.
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About Pinnacle Agriculture
Pinnacle Agriculture Distribution, Inc. is a leading agricultural retail and wholesale distribution business created through acquisitions and greenfield establishments. Headquartered in Loveland, Colorado, the company operates through Sanders®, AgVenture® Pinnacle, and Meridian Agriculture Distribution™ serving growers across 27 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 farming.Attachment:
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A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/b435039f-5ca1-4610-b660-1485f6eff34c
Raquel Fuentes Pinnacle Agriculture Distribution, Inc. 9708089885 [email protected]
