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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...


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Barentz buys majority stake in Australian distributor

Specialty ingredients distributor Barentz International (Hoofddorp, Netherlands) says it has acquired a majority stake in distributor Additive Solutions (Melbourne) and that the businesses will cooperate on the sales, marketing, and distribution of specialty...

Brenntag acquires specialty solvents distributor in Brazil

Brenntag says it will acquire Gafor Distribuidora, a distributor of specialty solvents in Latin America. Gafor Distribuidora is part of Grupo Gafor (São Paulo). Financial terms of the deal have not been disclosed. Gafor Distribuidora generated sales of...

Brenntag extends term of its credit facility

Brenntag says it has extended the term of its syndicated credit facility. The loan agreement with an original term to July 2016 has been extended until March 2019. The volume of the credit facility has been expanded by €100 million, to €1.6 billion...

Aceto to acquire Pack Pharmaceuticals for $100 million

Aceto (Port Washington, NY) says that its wholly owned subsidiary Rising Pharmaceuticals (Allendale, NJ) has signed a definitive purchase agreement to acquire Pack Pharmaceuticals (Buffalo Grove, IL), a national marketer and distributor of generic...

Borouge and DP World sign logistics contract

DP World (Dubai), a leading marine terminal operator and logistics provider, and Abu Dhabi Polymers Co. (Borouge), today announced the signing of a contract under which DP will support the distribution of Borouge’s products to export markets. The...

Lehigh Tech, Connell Bros team up for micronized rubber powders distribution in Asia

Connell Brothers Co. (CBC; San Francisco), a distributor of specialty chemicals and ingredients in Asia/Pacific, says it has partnered with Lehigh Technologies (Atlanta), a specialty materials company, to market Lehigh’s PolyDyne micronized rubber...

Chemicals sector rail traffic flat YOY

Chemicals sector rail traffic in North America was roughly flat year-on-year (YOY) during the week ended 15 March, at 43,306 cars, according to the Association of American Railroads (AAR; Washington). US traffic was up 0.9%, to 30,368 cars. Canadian traffic...

Brenntag's earnings, sales edge higher in tough market conditions

Brenntag has posted a slight increase in 2013 profit after tax, to €339 million, on sales almost 1% higher, at €9.8 billion. Gross profit increased 1% last year, to €1.94 billion, and operating Ebitda slipped by 1%, to €698 million. Fourth...

Chemicals sector rail traffic declines 2.9%

Chemicals sector rail traffic in North America fell 2.9% year-on-year (YOY) during the week ended 1 March, to 43,986 cars, according to the Association of American Railroads (AAR; Washington). US traffic was down 0.2%, to 31,278 cars. Canadian traffic fell...

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