Agrosema is a major agricultural retailer in the southern Brazil crop input market
Nutrien agrees to acquire Brazilian agricultural retailer Agrosema (Credit: Tumisu / Pixabay)
Nutrien, a provider of crop inputs and services, has agreed to acquire a 100% stake in Brazilian agricultural (Ag) retailer Agrosema Comercial Agricola.
With more than 30 years of experience, Agrosema is a major Ag retailer in the southern Brazil crop input market.
Agrosema employs around 200 people to serve thousands of farm customers
Agrosema operates 12 farm centres that generate around $60m annual sales, and the Ag retailer employs about 200 people to serve thousands of farm customers.
Nutrien Brazil managing director and vice president André Dias said: “Bringing Nutrien’s extensive products and solutions to the Brazilian farmer is a key goal for the company. We believe we can provide new product offerings and solutions to help Brazilian agricultural producers become more profitable and to grow their business.”
At present, Nutrien Ag Solutions manages two major operations in Brazil. The company has a blending facility in Itapetininga, as well as six additional facilities in the states of São Paulo and Minas Gerais.
Nutrien is also the owner of Agrichem that manufactures speciality liquid fertilizers. The acquired business will help Nutrien to establish a market channel for the national products manufactured by Agrichem.
The deal closing is subject to approval by the Administrative Council for Economic Defense (CADE) and the satisfaction of other customary closing conditions.
Nutrien president and CEO Chuck Magro said:“The Agrosema acquisition is an excellent fit as we continue to build our Ag retail business in the important and growing Brazilian agricultural market.
“We expect to continue to expand our operations in Brazil in the coming years, both through acquisition and expansion of product and service offerings.”
Nutrien produces and distributes distribute 27 million tonnes of potash, nitrogen and phosphate products across the world.
In November 2019, US-based food and agribusiness company J.R. Simplot Company agreed to acquire agricultural retail and wholesale distribution business Pinnacle Agriculture Enterprises and its subsidiaries for an undisclosed amount.