Farmchem Corp completes asset purchase of Heinen Brothers Agra-Service Seed Division

Floyd, Iowa—July 7, 2010 — Farmchem Corp, the leading provider of equipment and services to the agriculture chemical, fertilizer and seed industry, announced today that it has completed its previously announced acquisition of Heinen Brothers Equipment Group. "The completion of this acquisition represents a significant step for Farmchem in our strategy to accelerate growth in our expanding bulk seed equipment business," said Justin Peterson, Vice President and General Manager of Farmchem Corp. "Today, we significantly increased the depth and breadth of our sales and market coverage. Farmchem welcomes the highly-trained employees from Heinen Brothers Agra-Service, individuals who know the marketplace and products. As a result of the acquisition, we also now have a greater presence in targeted geographies —including Kansas, Nebraska, Oklahoma, and Texas —where we see significant opportunities for growth.”