June 18, 2024

Nutrien buys Casa do Adubo in the country’s retail expansion strategy

1 min read
Nutrien buys Casa do Adubo in the country's retail expansion strategy

Sao Paulo – Nutrien, the largest global retailer of agricultural inputs and fertilizers, has announced an agreement to acquire Casa do Adubo, as part of its strategy to expand its retail business in Brazil.

This transaction marks Nutrien’s sixth acquisition in Brazil since 2019, when it set a strategic goal to increase market share in a country vital to feeding a growing global population.

The purchase will cover 39 stores under the Casa do Adubo brand and 10 redistribution units under the Agrodistribuidor brand, which will expand Nutrien’s presence in Brazil from five to 13 states.

Nutrien has not disclosed the financial terms of the Casa do Adubo deal. However, Canada-based Saskatoon said it expects annual sales of its Latin American agricultural solutions unit to rise to about $2.2 billion as a result of additional sales of about $2.2 billion.400 million.

After the deal closes, Nutrien expects to exceed its $100 million target for adjusted EBITDA in Brazil by 2023, the company added.

The deal is pending approval by Brazil’s Administrative Council for Economic Defense (Cade) and other usual closing conditions.

Upon approval and completion of the acquisition, Nutrien will own 180 business units in Latin America, including stores and expertise centers, as well as five industrial plants and four fertilizer mixers.

In addition, Nutrien will have more than 3,500 employees in the region, with more than 700 dedicated consultants serving farmers in Argentina, Brazil, Chile and Uruguay.

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