M&A Deal Summary

ICL Group Acquires Compass Minerals America do Sul S.A.

On March 24, 2021, ICL Group acquired chemicals company Compass Minerals America do Sul S.A. from Compass Minerals for 2.2B BRL

Acquisition Highlights
  • This is ICL Group’s 3rd transaction in the Chemicals sector.
  • This is ICL Group’s largest (disclosed) transaction.
  • This is ICL Group’s 3rd transaction in Brazil.

M&A Deal Summary

Date 2021-03-24
Target Compass Minerals America do Sul S.A.
Sector Chemicals
Buyer(s) ICL Group
Sellers(s) Compass Minerals
Deal Type Divestiture
Deal Value 2.2B BRL

Target

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.

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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 5 of 6
Sector (Chemicals) 3 of 4
Type (Divestiture) 2 of 2
Country (Brazil) 3 of 4
Year (2021) 1 of 1
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-26 Fertiláqua

Cidade Nova, Brazil

Fertiláqua is a specialty fertilizer company offering a competitive portfolio of high-value foliar fertilizers, seed treatment solutions and biostimulants for a wide array of crops, fruits, and vegetables.

Buy $120M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-28 Nitro 1000

Paraná, Brazil

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.

Buy $30M

Seller(S) 1

SELLER

Compass Minerals

Overland Park, Kansas, United States

website


Category Company
Founded 1993
Sector Distribution
Employees2,000
Revenue 1.4B USD (2020)
DESCRIPTION
Compass Minerals' corporate headquarters in Overland Park, Kansas.
Compass Minerals' corporate headquarters in Overland Park, Kansas.

Compass Minerals is a supplier of highway deicing products, helping to keep roadways safe in the U.S., Canada and the United Kingdom. Compass Minerals also provides food salt, water care products, packaged deicing, minerals for animal nutrition, and other salt and mineral products to consumers and industry throughout North America. Compass Minerals was founded in 1993 and is based in Overland Park, Kansas.


DEAL STATS #
Overall 1 of 2
Sector (Chemicals) 1 of 1
Type (Divestiture) 1 of 2
Country (Brazil) 1 of 1
Year (2021) 1 of 2
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-15 Produquímica Indústria e Comércio S.A.

São Paulo, Brazil

Produquímica Indústria e Comércio S.A. is one of Brazil’s major manufacturer and distributor of specialty plant nutrients. 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 that are used in direct soil and foliar applications, as well as through irrigation systems and for seed treatment. Many of these products are developed through Produquímica’s robust research and development capabilities. Produquímica also manufactures and markets specialty chemicals, primarily for the water treatment industry and for use in other industrial processes in Brazil.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-08 Compass Minerals North American Micronutrient Assets

Overland Park, Kansas, United States

Compass Minerals' North American Micronutrient Assets provides food salt, water care products, packaged deicing, and mineral products.

Sell $60M