The Mosaic Company, an agricultural company has agreed to acquire Vale Fertilizantes, fertilizant producer for $2.5bn from Vale, an agricultural company. "This acquisition provides Mosaic a tremendous opportunity to capitalize on the fast-growing Brazilian agricultural market and from improving business conditions. We see this as an ideal strategic fit for Mosaic. We have proven expertise in phosphate mining and manufacturing, a strong record of successful acquisition integration, and extensive relationships and experience in Brazil." Joc O'Rourke, Mosaic President and CEO .