Agrium is projecting earnings will be about 15 per cent above its previous guidance. (Jeff McIntosh/Canadian Press)

U.S. farm co-operative CHS Inc. said Monday it has signed a deal to buy 16 retail locations in Canada from Agrium Inc. 

Financial terms of the agreement were not immediately available.

CHS said the operations, which are in Alberta and Saskatchewan, will become part of its Country Operations division.

The locations will be able to take advantage of a new fertilizer plant outside Shelby, Mont., the company said.

The sale is expected to be completed on or about April 1.

In addition to its retail business in North America, South America and Australia, Agrium is also a wholesale producer and seller of crop nutrients and specialty fertilizers.