TEL AVIV, Israel–(BUSINESS WIRE)–ICL (NYSE: ICL) (TASE: ICL), a number one world specialty minerals and specialty chemical compounds firm, at the moment introduced it has accomplished the acquisition of Compass Minerals América do Sul S.A., which incorporates the South American Plant Nutrition enterprise of Compass Minerals, for about US$420 million.
The South American Plant Nutrition enterprise is the main specialty plant vitamin enterprise in Brazil and gives a broad vary of options for plant vitamin and stimulation, overlaying all key Brazilian crops. Its product portfolio consists of enhanced effectivity fertilizers and controlled-release fertilizers, soil and foliar micronutrients, secondary vitamins, biostimulants, and adjuvants. The enterprise has a presence in 25 out of 26 Brazilian states and serves greater than 32,000 farms instantly and not directly, with direct-to-farm gross sales accounting for about 50% of complete gross sales.
“We’re delighted to have this enterprise be part of our crop vitamin portfolio and to welcome its group and its prospects to ICL. This acquisition, along with our latest acquisition of Fertiláqua in Brazil and our present specialty plant vitamin enterprise there, positions ICL because the main specialty plant vitamin firm in Brazil, one of many world’s quickest rising agriculture markets. This vital step delivers on our acknowledged technique of reaching management positions in high-growth specialty plant vitamin markets and accelerates our progress towards long-term world management for our Innovative Ag Solutions division. This step may also considerably broaden ICL’s product portfolio and profitability, whereas offering additional seasonal stability between the Northern and Southern hemispheres, and permit us to ship the important mass we’ve got been in search of in Brazil,” stated Raviv Zoller, president and CEO of ICL.
The addition of the South American Plant Nutrition enterprise will enable ICL to supply its prospects the broadest and most superior portfolio of plant vitamin merchandise, overlaying your complete agricultural worth chain. This enterprise, along with ICL’s present operations in Brazil, will leverage a well-established asset base, with a complete of eight manufacturing websites and a large salesforce offering full industrial protection for all agricultural areas in Brazil.
About Compass Minerals América do Sul S.A.
Founded in 1965 as Produquímica, the corporate is the main specialty plant vitamin participant in Brazil and gives a broad vary of options for plant vitamin and stimulation, seed therapy, and plant well being throughout all key Brazilian crops, together with soybeans, corn, espresso, sugarcane, cotton, fruits, and greens. The firm’s product portfolio consists of enhanced effectivity fertilizers and controlled-release fertilizers, soil and foliar micronutrients, secondary vitamins (calcium, magnesium and sulfur), biostimulants, and adjuvants, in addition to animal vitamin and plant vitamin components for B2B prospects.
About ICL
ICL Group Ltd. is a number one world specialty minerals and chemical compounds firm that creates impactful options for humanity’s sustainability challenges in world meals, agriculture, and industrial markets. ICL leverages its distinctive bromine, potash and phosphate assets, its passionate group of proficient staff, and its robust deal with R&D and technological innovation to drive development throughout its finish markets. ICL shares are dually listed on the New York Stock Exchange and the Tel Aviv Stock Exchange (NYSE and TASE: ICL). The firm employs over 11,000 folks worldwide, and its 2020 revenues totaled roughly $5.0 billion.
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Forward-Looking Statements
This announcement incorporates statements that represent forward-looking statements, a lot of which will be recognized by means of forward-looking phrases equivalent to “anticipate,” “consider,” “might,” “anticipate,” “ought to,” “plan,” “intend,” “estimate” and “potential,” amongst others.
Forward-looking statements seem in numerous locations on this press launch and embrace, however will not be restricted to, statements relating to the corporate’s intent, perception or present expectations. Forward-looking statements are based mostly on administration’s beliefs and assumptions and on data at the moment obtainable to administration. Such statements are topic to dangers and uncertainties, and precise outcomes might differ materially from these expressed or implied within the forward-looking statements because of varied components, together with, however not restricted to: the anticipated impact of the transaction on the crop vitamin enterprise; ICL’s strategic focus in Brazil; and estimated accretion, gross sales, synergy seize and different associated metrics. Although ICL believes the expectations and assumptions on which such forward-looking statements are based mostly are affordable, undue reliance shouldn’t be positioned on the forward-looking statements as a result of ICL may give no assurance they’ll show to be right.
Factors that would trigger precise outcomes to vary materially from these within the forward-looking statements embrace, however will not be restricted to, estimates, forecasts and statements as to administration’s expectations with respect to, amongst different issues, enterprise and monetary prospects, monetary multiples and accretion estimates, future developments, plans, methods, positioning, goals and expectations, and the flexibility to efficiently combine the brand new enterprise into the present enterprise in an efficient method, common financial, market and enterprise circumstances, climate circumstances, crop costs, the availability and demand and worth ranges for our main merchandise and merchandise related to the plant vitamin enterprise, governmental and regulatory necessities and actions by governmental authorities, together with modifications in authorities coverage, modifications in environmental, tax and different legal guidelines or rules and the interpretation thereof. As a results of the foregoing, readers mustn’t place undue reliance on the forward-looking statements contained on this press launch in regards to the timing of the transaction, or different extra particular dangers and uncertainties going through ICL, equivalent to these set forth within the “Risk Factors” part of its Annual Report on Form 20-F filed on March 2, 2021, as such danger components could also be up to date every so often in its Current Reports on Form 6-Okay and different filings ICL makes with the U.S. Securities and Exchange Commission every so often.
Forward-looking statements refer solely to the date they’re made, and the corporate doesn’t undertake any obligation to replace them in mild of latest data or future developments or to publicly launch any revisions to those statements with a view to replicate later occasions or circumstances or to replicate the incidence of unanticipated occasions.
