Nutrien completed the acquisition of Casa do Adubo from Axxon Group for $230m.

Nutrien, a provider of crop inputs, services and solutions, completed the acquisition of Casa do Adubo, a Brazilian distributor of fertilizers, pesticides and seeds, from Axxon Group, a private equity investment firm, for $230m. “The acquisition expands our footprint in Brazil from five states to 13 and supports growers in a key region of the world that will increasingly be relied on to sustainably increase crop production and feed a growing population, especially with the current global food insecurity challenges. Our strong team in Brazil has successfully closed and onboarded five transactions since 2020. We expect that integrating Casa do Adubo will further enhance our ability to provide whole-acre solutions for all customers in the region while delivering quality earnings in this large and growing market,” Ken Seitz, Nutrien Interim President and CEO.