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Markets :: Basic Chemicals :: Inorganic Chemicals :: Fertilizers

Fertilizer Acquisition

8:33 AM MDT | May 4, 2009

Fertiberia (Madrid) says it has completed the €90-million ($119 million) acquisition of fertilizer maker Adubos de Portugal (ADP; Alverca do Ribatejo, Portugal) from Químicos Industriais (CUF; Estarreja, Portugal). ADP mainly produces nitrogen fertilizers. Fertiberia says it is Spain’s biggest producer of fertilizers and Europe’s second biggest after Yara International, with sales of just over €1 billion/year. CUF says it plans to focus on industrial chemicals such as aniline and...

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