Kent Group Completes Another Agribusiness Merger and Acquisition Transaction

Jordan, MN, September 8, 2005 -- James W. Kent, President & CEO of Kent Group Inc., (www.kentgroupinc.com) announced today the successful completion of the acquisition of Fertimix, Inc. by CE-Minne Industries Inc. Fertimix, Inc., is a Jordan, Minnesota based specialty fertilizer and ice melt products company whose products are utilized by lawn care companies, commercial grounds keepers, municipalities, nurseries, sod growers, golf courses and many other businesses that require professional grade fertilizer and ice melt products. The company’s ice melt products are marketed under the Melt-Mor trade name.

Daren Klegstad, CE-Minne’s owner, reports he will continue to do business as Fertimix and focus the company’s marketing and distribution in the Midwest region currently concentrating in the Minnesota, Wisconsin, Northern Iowa and Dakota areas. Daren has previous experience in the lawn care industry.

Fertimix was a subsidiary of Quali-Trade, Inc., a regional wholesaler of bulk agricultural fertilizer ingredients. Quali-Trade, Inc. is also a Jordan, MN based company. Harley Hohenstein, Quali-Trade’s President & CEO stated the decision to divest Fertimix was influenced by the need to keep Quali-Trade’s management focused on the ever-changing agricultural fertilizer industry and the complexity of international sourcing, raw material price fluctuations and industry consolidation. He said “Fertimix has been a great business for us during the past 20 years and we thoroughly enjoy the industry. We are confident Daren will keep Fertimix’s growth ongoing and continue to serve customers very well.”

CONTACTS:
Daren Klegstad
Fertimix Inc.
P.O Box 157
Jordan, MN 55352
952-492-3377
fertimix@frontiesnet.net

Harley Hohenstein
Quali-Trade Inc.
P.O Box 155
Jordan, MN 55352
952-492-5691
harley@qualitradeinc.com

James W. Kent
Kent Group Inc.
P.O. Box 785
Minocqua, WI 54548
715-358-7528
jwkent@execpc.com

Kent Group Inc. is a leading North American investment banking firm specializing in agribusiness, food and related industries. Kent Group Inc. managed and negotiated the transaction and acted as financial advisor to Quali-Trade, Inc.

Source: www.theopenpress.com

This release was published on openPR.