NEWS
09/12/2016 13:28 EDT | Updated 09/13/2017 01:12 EDT

Tale of the tape: The numbers behind the US$36 billion PotashCorp-Agrium deal

CALGARY — Potash Corp. of Saskatchewan and Agrium announced Monday they are merging, a move that would create a giant in the agriculture industry. Here's a look at both companies:

 

Potash Corporation of Saskatchewan

Headquarters: Saskatoon

Employees: About 5,000

Potash production capacity: 16 million tonnes

Market capitalization on Aug. 29, last day before announcement that the two companies were in merger discussions: C$17.5 billion

Revenue in 2015: US$5.8 billion

Earnings in 2015, before interest, tax, depreciation and amortization: US$2.6 billion

Founded: The Saskatchewan government formed PotashCorp in 1975 as a Crown corporation and then privatized it in 1989.

Business: Over the past three years, about half of PotashCorp's earnings have come from potash, with another 33 per cent from nitrogen, and 16 per cent from phosphate.

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Agrium

Headquarters: Calgary

Potash production capacity: 3 million tonnes

Employees: About 15,200

Market capitalization on Aug. 29, last day before announcement that the two companies were in merger discussions: C$16.1 billion

Revenue in 2015: US$14.8 billion

Earnings in 2015, before interest, tax, depreciation and amortization: US$2.1 billion

Founded: Agrium was founded in 1931 as part of Cominco and became a publicly traded company in 1993.

Business: Over the past three years about half of Agrium's earnings have come from its global retail network, with nitrogen making up another 36 per cent. Potash made up only 10 per cent, and phosphate six per cent.