Albaugh Acquires Prime Source Turf and Ornamental Business
Monday, January 4, 2021 in North America
Ankeny, IA. - December 23, 2020 - Albaugh LLC, a global leader in manufacturing and supply of crop protection and specialty products announced today it has completed its acquisition of the assets of Prime Source from Excelsior Equity, bringing together state of the art manufacturing with elite customer service in the turf and ornamental business.
“Prime Source has been an exceptional player in the turf and ornamental market, with a remarkable passion for service and providing solutions to their customers,” said Spencer Vance, President of Albaugh North America. “Today marks the beginning of an exciting new chapter for Albaugh LLC, one where we will be able to build upon this legacy by expanding our presence in the T&O market with a focus on tailored customer solutions that improve profitability, flexibility, and are more convenient to use than the leading brands.”
“As a family-owned business with a culture similar to our own, we feel Albaugh is the best choice to take Prime Source to the next level,” Said Exum Lewis, Founder and Chairman of Excelsior Equity. “There is little doubt that this transaction will be smooth for all parties as a result of Albaugh’s strong commitment to the Prime Source brand, the T&O market, and our customers,” said Keith Montgomery, CEO of Excelsior Equity.
Albaugh LLC is a family-owned business that was started 40 years ago and is recognized as one of the leading manufacturers and suppliers of crop protection and seed treatment products in North America. Albaugh continues to be focused on delivering excellent value to our customers through a constantly expanding product portfolio. Our state-of-the-art manufacturing facility is strategically located in St. Joseph, MO, allowing for convenient and efficient distribution to our customers nationwide.