Nutrien to Acquire Brazilian Ag Retailer Casa do Adubo
Nutrien Ltd. (TSX and NYSE: NTR) announced today that it has entered into an agreement to acquire Brazilian company Casa do Adubo S.A. (Casa do Adubo).
- Nutrien Ltd. (TSX and NYSE: NTR) announced today that it has entered into an agreement to acquire Brazilian company Casa do Adubo S.A. (Casa do Adubo).
- The acquisition of Casa do Adubo is expected to result in additional run-rate sales of approximately US$400 million, increasing total Nutrien Ag Solutions annual sales in Latin America to approximately US$2.2 billion.
- Upon completion of the acquisition of Casa do Adubo, Nutrien expects to surpass its stated target of US$100 million of adjusted EBITDA in Brazil by 2023.
- We expect that integrating Casa do Adubo will further enhance our ability to provide whole-acre solutions for all customers in the region while delivering quality earnings in this large and growing market.