The Mosaic Company acquiring Archer Daniels Midland fertilizer distribution business $350 million
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Mosaic to acquire ADM’s fertilizer distribution business in Brazil, Paraguay

11:49 AM, 16th April 2014
The Mosaic Company business new
James T Prokopanko, President and Chief Executive Officer, Mosaic.

PLYMOUTH, US: The Mosaic Company signed definitive agreements with Archer Daniels Midland (ADM) Company to acquire its fertilizer distribution business in Brazil and Paraguay for $350 million. The purchase price assumes the delivery of $150 million in working capital at closing. This acquisition is expected to significantly accelerate Mosaic’s previously announced growth plans in Brazil as well as replace a substantial amount of planned internal investments in that country.

Mosaic would acquire four blending and warehousing facilities in Brazil, one in Paraguay and additional warehousing and logistics service capabilities. The acquisition of ADM’s fertilizer distribution business would increase Mosaic’s annual distribution in the region from approximately four million metric tonne to about six million metric tonne of crop nutrients. In addition to the acquisition, Mosaic is in process of completing approximately $100 million in projects including expansion of the company’s port terminals, plants and production capabilities.

“The addition of ADM’s fertilizer distribution business in Brazil and Paraguay facilitates two critical strategic priorities for Mosaic. It enhances our global growth strategy and expands our market access. This acquisition provides a critical distribution platform in one of the world’s fastest growing agricultural regions, and it complements our other recent strategic initiatives, including our joint venture in Saudi Arabia, our recent acquisition of CF Industries’ phosphate business and our ongoing potash expansion programme,” said James T Prokopanko, President and Chief Executive Officer, Mosaic.

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