Lake Country Co-op and Prairie North Co-op have entered into agreements to purchase Paragon Ag Service’s three retail ag and two anhydrous locations.

Prairie North Co-op will acquire the Melfort and Brooksby sites with Lake Country taking over the Kinistino location and an anhydrous ammonia site near Gronlid.

A news release says the purchase will strengthen the two Co-ops by growing their footprint and adding dry fertilizer and anhydrous ammonia assets to their businesses.

Paragon is an independent ag retail operating in the Melfort region since 1999. Full-time employees will be offered similar positions with the Co-ops.

Prairie North Co-op has 18 locations from St. Brieux, Spalding and Naicam in the west,to Melfort in the north and Archerwill and Kelvington in the east.

Lake Country Co-op covers an extensive area from La Ronge in the north, Nipawin in the east, Wakaw to the south and Spiritwood to the west.

The transaction is subject to customary closing conditions and is expected to close in the coming days. Financial terms of the sale are not being released.