Latest Videos

{{ currentStream.Name }}

Related Video

Continuous Play:
ON OFF

The information you requested is not available at this time, please check back again soon.

More Video

Jul 20, 2022

Saskatchewan fertilizer company Nutrien to acquire Brazilian retailer Casa do Adubo

Stephen Takacsy discusses Nutrien

VIDEO SIGN OUT

Security Not Found

The stock symbol {{StockChart.Ric}} does not exist

See Full Stock Page »

Nutrien Ltd. says it has entered into a deal to buy Brazilian company Casa do Adubo S.A. 

The Saskatoon fertilizer company says the acquisition includes 39 retail locations under the brand Casa do Adubo and 10 distribution centres under the brand Agrodistribuidor Casal.

Nutrien says the deal supports its retail growth plan in Brazil and is expected to result in additional projected sales of about US$400 million, bringing its total annual sales in Latin America to about US$2.2 billion. 

The transaction is pending approval from the Administrative Council for Economic Defense in Brazil. 

Once the acquisition is complete, Nutrien will have 180 commercial units in Latin America, including customer-facing retail branches and experience centres, five industrial plants and four fertilizer blenders.

Financial terms of the deal have not been disclosed.