Israel Chemicals completed the acquisition of Fertiláqua for $122m.

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.