Announced
Completed
Financials
Tags
Brazil
Acquisition
Cross Border
Majority
Friendly
soil improvement
Completed
plant nutrition
Fertilizers
Single Bidder
Private
Private Equity
Synopsis
Israel Chemicals, a developer and marketer of fertilizers, metals and other special-purpose chemical products, completed the acquisition of Fertiláqua, a fertilizer and specialty chemical company, for $122m. "We are delighted to add Fertiláqua to our crop nutrition business, as it gives ICL a significant foothold in a major market with rapidly increasing demand for specialty plant nutrition products and also provides a seasonal sales balance between the Northern and Southern hemispheres. Going forward, we expect to continue to grow in the specialty fertilizer market and to expand our reach in Brazil via both M&A and organic growth," Raviv Zoller, Israel Chemicals, President and CEO.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.