Nutrien18 Mar 2022 15:22
SASKATOON, Saskatchewan--(BUSINESS WIRE)-- Nutrien Ltd. (“Nutrien”) (NYSE, TSX: NTR) announced today that it has entered into a definitive agreement to purchase 100 percent of the equity of Agrosema Comercial Agricola Ltda. (“Agrosema”). Agrosema is an important Ag retailer in the southern Brazil crop input market with over 30 years of experience. Their annual sales are approximately US$60 million across 12 farm centers with approximately 200 employees servicing thousands of farm customers.
“The Agrosema acquisition is an excellent fit as we continue to build our Ag retail business in the important and growing Brazilian agricultural market. We expect to continue to expand our operations in Brazil in the coming years, both through acquisition and expansion of product and service offerings”, said Chuck Magro, President and CEO of Nutrien.
“Bringing Nutrien’s extensive products and solutions to the Brazilian farmer is a key goal for the company. We believe we can provide new product offerings and solutions to help Brazilian agricultural producers become more profitable and to grow their business,” said André Dias, Vice President and Managing Director of Nutrien in Brazil.