Compass Minerals Completes Acquisition of Produquímica
Today, Compass Minerals completed the purchase of all remaining interest in Produquímica, one of Brazil’s leading manufacturers and distributors of specialty plant nutrients.
“With this acquisition complete, Compass Minerals has delivered on a key component of our growth strategy. We have expanded the geographic scope of our operations into one of the world’s most important agriculture markets, broadened our portfolio of specialty plant nutrition products, and reduced our dependency on winter weather,” said Fran Malecha, Compass Minerals president and CEO. “I am delighted to officially welcome all of the employees and associates of Produquímica to Compass Minerals, and look forward to the growth we can achieve as one company.”
Based in São Paulo, Brazil, Produquímica operates two primary businesses – agricultural productivity and chemical solutions. The agricultural productivity division manufactures and distributes a broad offering of specialty plant nutrition solution-based products. These include micronutrients, controlled release fertilizers, and other specialty supplements used in direct soil and foliar applications, as well as through irrigation systems and for seed treatment. Produquímica also manufactures and markets specialty chemicals, primarily for the water treatment industry and for use in other industrial processes in Brazil. Both businesses are supported by robust research and development capabilities and a strong technical sales force, which have helped fuel Produquímica’s revenue and earnings growth.
See the release for more information about the acquisition.