M&A Deal Summary

CF Industries Holdings Acquires Incitec Pivot - Ammonia Production Facility

On December 1, 2023, CF Industries Holdings acquired chemicals company Incitec Pivot - Ammonia Production Facility from Incitec Pivot for 1.7B USD

Acquisition Highlights
  • This is CF Industries Holdings’ 3rd transaction in the Chemicals sector.
  • This is CF Industries Holdings’ largest (disclosed) transaction.
  • This is CF Industries Holdings’ 1st transaction in the United States.
  • This is CF Industries Holdings’ 1st transaction in Louisiana.

M&A Deal Summary

Date 2023-12-01
Target Incitec Pivot - Ammonia Production Facility
Sector Chemicals
Buyer(s) CF Industries Holdings
Sellers(s) Incitec Pivot
Deal Type Divestiture
Deal Value 1.7B USD

Target

Incitec Pivot - Ammonia Production Facility

Waggaman, Louisiana, United States
Incitec Pivot's Ammonia Production Facility provides ammonia production.

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Buyer(S) 1

Buyer

CF Industries Holdings

Northbrook, Illinois, United States

Category Company
Founded 1946
Sector Chemicals
Employees2,700
Revenue 6.6B USD (2023)
DESCRIPTION

CF Industries Holdings is a nitrogen fertilizer manufacturing and distribution, owns and operates world-scale nitrogen complexes and serves agricultural and industrial customers through its best-in-class distribution system. CF Industries Holdings was incorporated in 1946 and is based in Northbrook, Illinois.


DEAL STATS #
Overall 3 of 3
Sector (Chemicals) 3 of 3
Type (Divestiture) 2 of 2
State (Louisiana) 1 of 1
Country (United States) 1 of 1
Year (2023) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-01 GrowHow UK

Chester, United Kingdom

GrowHow UK Ltd. owns and operates nitrogen production facilities in Ince and Billingham, U.K. The Ince facility is located in northwestern England and consists of an ammonia plant, three nitric acid plants, an ammonium nitrate (AN) plant and three NPK fertilizer compound plants. The Billingham facility is located in the Teesside chemical area in northeastern England, and consists of an ammonia plant, three nitric acid plants, a carbon dioxide plant and an AN fertilizer plant. Combined, the two facilities have the capacity to produce approximately 0.9 million short tons of gross ammonia, 1.2 million short tons of AN and 0.4 million short tons of NPK compounds.

Buy -

Seller(S) 1

SELLER

Incitec Pivot

Southbank, Australia

Category Company
Founded 1831
Sector Agriculture
Employees5,800
Revenue 5.4B AUD (2023)
DESCRIPTION

Incitec Pivot is a manufacturer and marketer of commercial explosives and fertilizers. Incitec Pivot was founded in 1831 and is based in Southbank, Australia.


DEAL STATS #
Overall 1 of 1
Sector (Chemicals) 1 of 1
Type (Divestiture) 1 of 1
State (Louisiana) 1 of 1
Country (United States) 1 of 1
Year (2023) 1 of 1
Size (of disclosed) 1 of 1