Pursell Technologies Inc. (PTI) announced that the company has entered into an agreement to sell business assets to Agrium Inc., a global retailer, marketer and producer of crop inputs, specialty fertilizers and industrial products headquartered in Calgary, Alberta, Canada.

The strategic combination of PTI and Agrium is designed to leverage the strengths of both companies. PTI is best known for pioneering coating technologies with brands such as POLYON polymer-coated fertilizers, TriKote polymer/sulfur coated fertilizers and PRECISE controlled-release pesticide technology. Agrium is a global producer of agricultural fertilizers. The combination of complementary Pursell and Agrium technologies is expected to expedite the availability of Agrium’s environmentally friendly controlled-release fertilizer, ESN, for broad-acre crops. Moreover, this transaction is expected to provide a stronger, more comprehensive product offering—a strategic move aimed at serving customers better by offering them a broader selection of complementary controlled release solutions.

Agrium also will seek to secure global customers for PTI’s flagship product, POLYON.