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



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(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.

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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.

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