The Mosaic Company Completes Acquisition of Archer Daniels Midland’s Fertilizer Distribution Business
The Mosaic Company has completed the previously announced acquisition of Archer Daniels Midland’s fertilizer distribution business in Brazil and Paraguay for $350 million. The assets purchased include $150 million in working capital.
The acquisition is expected to significantly accelerate Mosaic’s growth plans in Brazil as well as replace a substantial amount of planned internal investment in that country. Mosaic’s distribution capacity in the region is expected to increase from approximately 4 million tonnes per year to 6 million tonnes.
Read more about the acquisition here.