ICL to Obtain South American Plant Nutrition Organization from Compass Minerals

ICL, a top world specialty minerals and specialty chemical compounds firm, has declared it has entered into a definitive agreement to get Compass Minerals América do Sul S.A., which involves the South American Plant Nourishment organization of Compass Minerals – following a planned carve-out of the current drinking water treatment and chemical substances companies – for around R$2,207 million (~US$402 million, based on a Brazilian true-to-U.S. greenback exchange price of R$5.4951/US$1.00). This quantity contains the assumption of about R$600 million (~US$109 million) of internet personal debt and is issue to customary put up-closing changes. In addition, the transaction features an earnout of up to approximately R$88 million (~US$16 million).

The South American Plant Nourishment business enterprise is the leading specialty plant nourishment enterprise in Brazil and gives a wide selection of solutions for plant diet and stimulation, soil remedy, seed treatment and plant wellness, covering all crucial Brazilian crops. Its products portfolio contains improved effectiveness fertilizers and controlled-release fertilizers, soil and foliar micronutrients, secondary nutrition, biostimulants, and adjuvants. The small business has an present presence in 25 out of 26 Brazilian states and serves extra than 32,000 farms immediately and indirectly, with immediate-to-farm revenue accounting for about 50{f13b67734a7459ff15bce07f17c500e58f5449212eae0f7769c5b6fbcf4cc0c4} of whole gross sales.

“This transaction, jointly with our recent acquisition of Fertiláqua in Brazil and our present specialty plant nutrition company there, will situation ICL as the top specialty plant diet enterprise in Brazil, one particular of the world’s speediest escalating agriculture markets. This vital next stage delivers on our mentioned technique of reaching management positions in high-expansion specialty plant diet marketplaces, these as Brazil, and also accelerates our development towards prolonged-phrase world-wide leadership for our Impressive Ag Answers division,” mentioned Raviv Zoller, president and CEO of ICL.

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