M&A Deal Summary

Itafos Acquires Agrium - Conda Phosphate Operations

On November 7, 2017, Itafos acquired chemicals company Agrium - Conda Phosphate Operations from Agrium for 100M USD

Acquisition Highlights
  • This is Itafos’ 1st transaction in the Chemicals sector.
  • This is Itafos’ largest (disclosed) transaction.
  • This is Itafos’ 1st transaction in Canada.
  • This is Itafos’ 1st transaction in Alberta.

M&A Deal Summary
Date 2017-11-07
Target Agrium - Conda Phosphate Operations
Sector Chemicals
Buyer(s) Itafos
Sellers(s) Agrium
Deal Type Divestiture
Deal Value 100M USD

Target

Agrium - Conda Phosphate Operations

Calgary, Alberta, Canada
Agrium, Inc. - Conda Phosphate Operations includes phosphate production facilities and adjacent phosphate mineral rights, produces approximately 540,000 metric tons per year of mono-ammonium phosphate (“MAP”), super phosphoric acid (“SPA”), merchant grade phosphoric acid (“MGA”) and specialty products (“phosphate solutions”) and serves the North American fertilizer market.

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Buyer(S) 1

Buyer

Itafos

Houston, Texas, United States
Category Company
Founded 1999
Sector Chemicals
Employees377
Revenue 466M USD (2023)
DESCRIPTION

Itafos is an integrated producer of phosphate fertilizers and related products with an attractive portfolio of long-term strategic assets. Itafos is managed by an experienced and diverse team with extensive commercial, financial, legal and technical expertise. Itafos owns the Itafos Arraias 500,000 ton per year Single Super Phosphate (SSP) Operations, which consists of an integrated fertilizer production facility comprised of a phosphate mine, a mill, a beneficiation plant, a sulphuric acid plant, an SSP plant and a granulation plant and related infrastructure located in central Brazil. Itafos was founded in 1999 and is based in Houston, Texas.

DEAL STATS #
Overall 1 of 1
Sector (Chemicals) 1 of 1
Type (Divestiture) 1 of 1
State (Alberta) 1 of 1
Country (Canada) 1 of 1
Year (2017) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Agrium

Calgary, Alberta, Canada
Category Company
Founded 1931
Sector Agriculture
Employees15,200
Revenue 14.8B USD (2015)
DESCRIPTION

Agrium Inc. is a major Retail supplier of agricultural products and services in North and South America, a leading global Wholesale producer and marketer of all three major agricultural nutrients.

DEAL STATS #
Overall 3 of 3
Sector (Chemicals) 1 of 1
Type (Divestiture) 3 of 3
State (Alberta) 1 of 1
Country (Canada) 1 of 1
Year (2017) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-13 Starpharma Holdings - Agrochemicals Business

Abbotsford, Australia

Starpharma Holdings Ltd. - Agrochemicals Business is comprised of key patents and technical know-how as well as a small number of staff dedicated solely to Priostar® dendrimers and agrochemicals operations. This business is independent of Starpharma’s DEP® and VivaGel® products and related intellectual property portfolios.

Buy AU$35M
Mergr

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