ICL to acquire Brazilian organic fertilizers company to enhance on-ground presence across agri regions
ICL (formerly Israel Chemicals) entered into an agreement with agri-tech private equity firm Aqua Capital to acquire Brazilian organic fertilizers company Agro Fertilaqua Participações that will expand the company’s specialty plant nutrition product portfolio.
The $120 million acquisition will significantly enhance the firm’s customer base and on-ground presence across agriculture regions in Brazil.
“The acquisition of Fertiláqua is an important part of the growth strategy of our crop nutrition business. Fertiláqua gives ICL a significant foothold in a major market, where demand growth for specialty plant nutrition products is increasing rapidly,” said ICL president and CEO Raviv Zoller.