People & Business :: People/Executives
Mosaic acquires ADM's fertilizer distribution businesses in Brazil and Paraguay
2:37 PM MDT | April 15, 2014 | Lindsay Frost
Mosaic agreed to acquire Archer Daniels Midland's (ADM) fertilizer distribution business in Brazil and Paraguay for $350 million. The price assumes the delivery of $150 million in working capital at closing, the company says. Under the agreement terms, Mosaic will acquire four blending and warehousing facilities in Brazil, one in Paraguay, and additional warehousing and logistics service capabilities, the company says. Mosaic says the acquisition of ADM’s fertilizer distribution business would increase its annual distribution in the region from about 4...
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