Nutrien signs understanding to buy Brazilian association Agrosema, terms not released

Nutrien Ltd. says it has sealed a understanding to buy Brazilian association Agrosema Comercial Agricola Ltda.

Financial terms of a understanding were not immediately available.

Nutrien says Agrosema has annual sales of roughly $60 million US opposite 12 plantation centres with approximately 200 employees.

The association says a merger complements a stream sell operations in Brazil.

Nutrien Ag Solutions has dual categorical operations in Brazil including a executive manure consistent trickery in Itapetininga and 6 additional facilities.

The association also owns Agrichem, that produces specialty glass fertilizers in Brazil.

“The Agrosema merger is an glorious fit as we continue to build a Ag sell business in a critical and flourishing Brazilian rural market,” Nutrien arch executive Chuck Magro pronounced in a statement.

“We design to continue to enhance a operations in Brazil in a entrance years, both by merger and enlargement of product and use offerings.”

Article source: https://www.cbc.ca/news/canada/saskatoon/nutrien-agrosema-brazil-1.5416537?cmp=rss