ICL – ICL acquires a Brazilian fertilizer company for $ 120...








Page Quote News Graphs Company Profile Recommendations

More articles on the subject:

(ICL) announced that it has entered into a binding agreement to acquire Fertiláqua, one of Brazil’s leading companies in the field of specialty fertilizers, for approximately $ 120 million. The purpose of the acquisition is to expand ICL’s product range in the field of specialty fertilizers and to increase its customer base and presence in the agricultural areas of Brazil, which the company marks as one of the fastest growing agricultural markets in the world. Fertiláqua is controlled by Aqua Capital, a private venture capital fund specializing in agriculture and food.

With over 100 different products, including those marketed under the leading brands Aminoagro, Dimicron and Maximus, Fertilaqua offers a range of solutions for the full life cycle of the plant, including soil regeneration, seed treatment and plant health in all major growing areas in Brazil, for soybeans, Corn, sugar cane, cotton, coffee, fruits and vegetables.

If you want to specialize in the capital market and have a big head, motivation and you are not afraid of hard (but fun) work, you can suit us.

Priority (optional) for writing experience and basic knowledge of the capital market.

Leave details and we will get back to you

Thank you for leaving details, we will try to get back to you soon

Fertiláqua has a presence in 24 Brazilian countries and provides service and distribution to more than 500 customers, including retailers, cooperatives and large farms. Fertiláqua employs over 350 workers, has two production sites as well as two research and development centers. Since its inception, Fertiláqua has shown growth at an average annual rate of over 15%.

Partilacawa’s R & D site in Brazil. Source: Company site

Raviv Zoller, President and CEO of ICL: “The acquisition of Fertiláqua is an important part of the growth strategy of our fertilizer business. As we recently clarified in our investors’ day, the expected growth of our fertilizer business, both organically and through mergers and acquisitions, will be supported, among other things, by increased demand for specialty fertilizers.” Fertiláqua provides ICL with a significant foothold in a large market, where the growth in demand for specialty fertilizer products is accelerating, it also immediately creates synergies with our distribution capabilities in Brazil and adds many more products to ICL’s product range with higher growth rates and margins. Will provide a seasonal balance in our special fertilizer sales between the northern and southern hemisphere. ”

Sebastian Popik, Managing Partner of Aqua Capital: “We are proud of Fertilaqua’s way. Since acquiring the company in 2013, we have built one of the leading players in the field in Brazil. The sale to ICL confirms Aqua’s activity in developing and implementing Fertilaqua’s leading technologies, first-class product portfolio, advanced research and development capabilities and presence. The market. We are also proud to complete the deal with ICL in these challenging days, thanks to joint and structured creative work. ”

With the completion of the acquisition, which is expected in early 2021, subject to the completion of acceptable closing conditions, ICL expects to leverage Fertilaqua’s strong presence and distribution capabilities to increase sales in the Brazilian market of organic fertilizers, controlled release fertilizers and other specialty fertilizers.

Comments on the article(0):

Your response has been received and will be published subject to system policies.

For a new response

Your response was not sent due to a communication problem, please try again.

Return to comment

Source link by https://www.bizportal.co.il/capitalmarket/news/article/785868

*The article has been translated based on the content of Source link by https://www.bizportal.co.il/capitalmarket/news/article/785868
. If there is any problem regarding the content, copyright, please leave a report below the article. We will try to process as quickly as possible to protect the rights of the author. Thank you very much!

*We just want readers to access information more quickly and easily with other multilingual content, instead of information only available in a certain language.

*We always respect the copyright of the content of the author and always include the original link of the source article.If the author disagrees, just leave the report below the article, the article will be edited or deleted at the request of the author. Thanks very much! Best regards!

These were the details of the news ICL – ICL acquires a Brazilian fertilizer company for $ 120... for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.

It is also worth noting that the original news has been published and is available at news1.news and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.

NEXT Saudi Arabia, China discuss collaboration in urban development during Beijing meeting