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

Yara to Acquire Saskferco from Mosaic

5:36 PM MDT | July 21, 2008 | Natasha Alperowicz

Yara International says it has entered into an agreement to acquire Mosaic’s nitrogen fertilizer subsidiary Saskferco (Belle Plaine, SK) for C$1.6 billion ($1.58 billion) in enterprise value. Yara will add a nitrogen fertilizer manufacturing complex near Belle Plaine and storage facilities in Saskatchewan and Manitoba. The fertilizer complex comprises units producing: 650,000 m.t./year of ammonia; 980,000 m.t./year of urea; and 230,000 m.t./year of urea ammonium nitrate (UAN). In addition, current capacity expansion projects will increase ammonia and...

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