September 30, 2022 | By Mary Bailey
Nurion (Amsterdam, Netherlands) has entered into a definitive agreement to acquire ADOB Fertilizers, a leading supplier of chelated trace elements, foliar and other specialty fertilizers in Poland. The acquisition will allow Nouryon to expand its product portfolio and expand its customer offerings in the plant nutrition market.
“The addition of ADOB’s 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. We look forward to welcoming ADOB employees and customers to the Nouryon family.”
Headquartered in Poznań, Poland, ADOB is a world leader in water-soluble fertilizers and micronutrients and has been producing specialty solutions for agricultural and horticultural crops for over 30 years.
“With its strong focus on technology and innovation, including biodegradable micronutrients, highly soluble specialty fertilizers and customized formulations, ADOB’s capabilities are an excellent addition to Nouryon’s existing crop nutrition capabilities,” said Larry Ryan, Executive Vice President and president of prescription performance and America in Nurion.
“This combination is an excellent opportunity for ADOB to leverage a large global organization to move into the next phase of global growth,” said Adam Nawrocki, ADOB’s owner and CEO. “I look forward to supporting the combined company on this journey in the coming months.”
The transaction is expected to close by the end of 2022, subject to the receipt of necessary approvals and the fulfillment of customary closing conditions. Additional terms of the agreement have not been disclosed.
https://www.chemengonline.com/nouryon-acquires-polish-fertilizer-manufacturer-adob/ Nouryon acquires Polish fertilizer producer ADOB – Chemical Engineering