The Saskatoon fertilizer company says the acquisition includes 39 retail locations under the brand Casa do Adubo and 10 distribution centres under the brand Agrodistribuidor Casal.
Nutrien says the deal supports its retail growth plan in Brazil and is expected to result in additional projected sales of about US$400 million, bringing its total annual sales in Latin America to about US$2.2 billion. “The acquisition expands our footprint in Brazil from five states to 13 and supports growers in a key region of the world that will increasingly be relied on to sustainably increase crop production and feed a growing population, especially with the current global food insecurity challenges,” said Ken Seitz, interim president and CEO of Nutrien, in a statement.
“Our strong team in Brazil has successfully closed and onboarded five transactions since 2020. We expect that integrating Casa do Adubo will further enhance our ability to provide whole-acre solutions for all customers in the region while delivering quality earnings in this large and growing market.
“With the acquisition, we will strengthen our existing presence and expand to serve additional growers with innovative solutions that help sustainably feed the world.”
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