M&A Deal Summary

Koch Fertilizer Acquires Iowa Fertilizer

On December 18, 2023, Koch Fertilizer acquired chemicals company Iowa Fertilizer from OCI for 3.6B USD

Acquisition Highlights
  • This is Koch Fertilizer’s 2nd transaction in the Chemicals sector.
  • This is Koch Fertilizer’s largest (disclosed) transaction.
  • This is Koch Fertilizer’s 1st transaction in the United States.
  • This is Koch Fertilizer’s 1st transaction in Iowa.

M&A Deal Summary
Date 2023-12-18
Target Iowa Fertilizer
Sector Chemicals
Buyer(s) Koch Fertilizer
Sellers(s) OCI
Deal Type Divestiture
Deal Value 3.6B USD

Target

Iowa Fertilizer

Wever, Iowa, United States
Iowa Fertilizer Company is a greenfield nitrogen fertilizer plant that provides farmers in the Midwest and around the United States with a stable and domestic source of fertilizer. IFCO also produces diesel exhaust fluid, which helps reduce harmful vehicle exhaust emissions. Iowa Fertilizer Company is based in Wever, Iowa.

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Buyer(S) 1

Buyer

Koch Fertilizer

Wichita, Kansas, United States
Category Company
Sector Chemicals
DESCRIPTION

Koch Fertilizer, LLC, and its subsidiaries are collectively one of the world's largest producers and marketers of fertilizers. The company owns or has interests in fertilizer plants in the United States, Canada, and Trinidad and Tobago. Its distribution network covers global demand through state-of-the-art terminals in the U.S., Canada, Mexico, Brazil, Australia, France and the United Kingdom. Koch Fertilizer’s expanded product portfolio includes ammonia, urea, UAN, phosphate, potash, and sulfur-based products, in addition to a variety of high-performance fertilizers including AGROTAIN® nitrogen stabilizer, AGROTAIN® PLUS nitrogen stabilizer, SUPERU™ fertilizer, NITAMIN® and NITAMIN NFUSION® slow-release fertilizers, blended fertilizers from Bunn Fertiliser Limited, and Koch Advanced Nitrogen® fertilizer.

DEAL STATS #
Overall 2 of 2
Sector (Chemicals) 2 of 2
Type (Divestiture) 1 of 1
State (Iowa) 1 of 1
Country (United States) 1 of 1
Year (2023) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-07 Bunn Fertiliser

Norwich, United Kingdom

Bunn Fertiliser Ltd. is a provider of prescription fertiliser blends and nutrition management systems servicing the arable, grassland and horticultural sectors. The Business, which enjoys a brand heritage of over 200 years, markets an extensive range of technically based nutrition applications and has an established business-to-business and retail customer franchise

Sell £14M

Seller(S) 1

SELLER

OCI

Amsterdam, Netherlands
Category Company
Founded 2013
Sector Chemicals
Employees4,063
Revenue 2.0B USD (2023)
DESCRIPTION

OCI is a global producer of natural gas-based fertilizers and industrial chemicals. OCI produces nitrogen fertilizers, methanol and other natural gas based chemical products, serving agricultural and industrial customers around the world. OCI was founded in 2013 and is based in Amsterdam, the Netherlands.

DEAL STATS #
Overall 1 of 1
Sector (Chemicals) 1 of 1
Type (Divestiture) 1 of 1
State (Iowa) 1 of 1
Country (United States) 1 of 1
Year (2023) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-11 Biomethanol Chemie Nederland B.V.

Farmsum, Netherlands

BioMCN is a producer and sells bio-methanol. Bio-methanol used as a chemical building block for a range of future-oriented products, including bio-MTBE, bio-DME, bio-hydrogen and synthetic biofuels (synthetic hydrocarbons).

Buy €15M
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