Crop Nutrition Nouryon to Take Over Micronutrients and Fertilizer Firm Adob Fertilizers
Under a definitive agreement, Nouryon has plans to acquire Adob Fertilizers which specializes in water-soluble fertilizers and micronutrients. The move is expected to strengthen the company’s crop nutrition business.
Amsterdam/The Netherlands – Nouryon has entered into a definitive agreement to acquire Adob Fertilizers, a leading supplier of chelated micronutrients, foliars and other specialty fertilizers. The acquisition will enable Nouryon to expand its product portfolio and broaden its offerings for customers in the crop nutrition market.
“The addition of the Adob business to Nouryon’s portfolio is an excellent strategic opportunity for our company,” said Charlie Shaver, Chairman and CEO of Nouryon. “This transaction confirms our commitment to our customers in the agriculture and food industry.”
Headquartered in Poznań, Poland, Adob is a global leader in water-soluble fertilizers and micronutrients and has been producing specialty solutions for agricultural and horticultural crops for more than 30 years.
“With its strong focus on technology and innovation including biodegradable micronutrients, high-solubility specialty fertilizers and custom formulations, Adob’s capabilities are an excellent complement to Nouryon’s existing capabilities in crop nutrition,” said Larry Ryan, Executive Vice President and President of Performance Formulations and the Americas at Nouryon.
“This combination is a great opportunity for Adob to leverage a large global organization to advance to the next stage of global growth,” said Adam Nawrocki, owner and CEO of Adob.
The transaction is expected to close by year-end 2022, subject to required approvals and customary closing conditions. Additional terms of the agreement were not disclosed.