Markets :: Basic Chemicals :: Inorganic Chemicals :: Fertilizers
CF Industries Acquires Canadian Fertilizers Ltd.
3:22 PM MDT | August 15, 2012 | Lindsay Frost
CF Industries (Deerfield, IL) has entered into an agreement with Glencore International (Baar, Switzerland) to acquire Viterra’s (Regina, SK) Canadian Fertilizers Ltd. (CFL) for C$915 million ($915.3 million) in cash. CFL runs the largest nitrogen fertilizer complex in Canada at Medicine Hat, AB, the company says. “This acquisition is a low-risk expansion of our nitrogen supply capability, as we have operated the complex for over 35 years. It will add approximately 425,000 gross tons of ammonia and 275,000 tons of urea per year to our nitrogen...
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