M&A Deal Summary

ICL Group Acquires Nitro 1000

On February 28, 2024, ICL Group acquired chemicals company Nitro 1000 for 30M USD

Acquisition Highlights
  • This is ICL Group’s 4th transaction in the Chemicals sector.
  • This is ICL Group’s 4th largest (disclosed) transaction.
  • This is ICL Group’s 4th transaction in Brazil.

M&A Deal Summary
Date 2024-02-28
Target Nitro 1000
Sector Chemicals
Buyer(s) ICL Group
Deal Type Add-on Acquisition
Deal Value 30M USD

Target

Nitro 1000

Paraná, Brazil
website
Nitro 1000 is a manufacturer, developer and provider of biologicals in Brazil. Nitro 1000’s products are mainly aimed at soybean, corn and sugar cane crops, and their application replaces or optimizes the use of fertilizers. This not only helps farmers increase profitability, it also offers a more sustainable solution. Nitro 1000 was founded in 2007 and is based in Paraná , Brazil.

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Buyer(S) 1

Buyer

ICL Group

Tel Aviv, Israel

website

Category Company
Founded 1968
Sector Chemicals
Employees12,733
Revenue 10.0B USD (2022)
DESCRIPTION

ICL Group is a manufacturer of products based on specialty minerals that fulfill humanity's essential needs primarily in three markets: agriculture, food and engineered materials. ICL Group was founded in 1968 and is based in Tel Aviv, Israel.

DEAL STATS #
Overall 6 of 6
Sector (Chemicals) 4 of 4
Type (Add-on Acquisition) 4 of 4
Country (Brazil) 4 of 4
Year (2024) 1 of 1
Size (of disclosed) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-24 Compass Minerals America do Sul S.A.

Mauá, Brazil

Compass Minerals America do Sul S.A. is a specialty plant nutrition business in Brazil that offers a broad range of solutions for plant nutrition and stimulation, soil treatment, seed treatment, and plant health, covering all key Brazilian crops. Its product portfolio includes enhanced efficiency fertilizers and controlled-release fertilizers, soil and foliar macronutrients, secondary nutrients, biostimulants, and adjuvants. The business has an existing presence in 25 out of 26 Brazilian states and serves more than 32,000 farms directly and indirectly, with direct-to-farm sales accounting for approximately 50% of total sales.

Buy R$2.2B
Mergr

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