EuroChem acquired emerge fertilizers

The EuroChem Group AG (EuroChem) announced the acquisition of Emerge Fertilizers SA (Emerge), a private distributor of premium fertilizers in Argentina. The price and other terms of the agreement were not disclosed.
The EuroChem is expanding your distribution network to increase your access to several important markets, with recent acquisitions in Brazil, Bulgaria, Hungary and Spain. This acquisition will further strengthen the force of EuroChem in Latin America, which is an important region and that currently represents 11% of sales of fertilizers of the group.
The Emerge has annual sales of 50 000 tonnes of fertilizers, being about 60% of their sales as premium fertilizers. The company has a warehouse with storage capacity of 12 000 tons, located approximately 8 km from the port of San Nicolás de Arroyos, in northern Argentina. The company also rents 3 retail centres separated.
According to the industry organization of Argentine fertilizer, Fertilizing Asociación Civil, it is expected that the fertilizer market in Argentina increase from 3.4 million tons in 2016 to 5.5 million tonnes in 2020.
Enrique Arambarri, ex-co-proprietário and CEO, said: "Under the participation of EuroChem, we can offer a wider range of value-added fertilizer for our customers in Argentina, as well as in Bolivia, Paraguay and Uruguay in".