- Nouryon will acquire ADOB Fertilizers to expand its crop nutrition portfolio.
- ADOB specializes in chelated micronutrients and water-soluble fertilizers.
- The transaction is expected to close by year-end 2022, pending approvals.
- Additional terms of the agreement were not disclosed.
Acquisition Overview
Nouryon has entered into a definitive agreement to acquire ADOB Fertilizers, a leading supplier of chelated micronutrients, foliars, and other specialty fertilizers. This acquisition aims to expand Nouryon's product portfolio and enhance its offerings in the crop nutrition market.
Strategic Fit
ADOB, headquartered in Poznań, Poland, is a global leader in water-soluble fertilizers and micronutrients, with over 30 years of experience in producing specialty solutions for agricultural and horticultural crops. The company focuses on technology and innovation, including biodegradable micronutrients, high-solubility specialty fertilizers, and custom formulations.
Leadership Perspectives
Charlie Shaver, Chairman and CEO of Nouryon, emphasized that the acquisition aligns with Nouryon's commitment to the Agriculture and Food industry. Larry Ryan, Executive Vice President and President of Performance Formulations and the Americas at Nouryon, highlighted that ADOB's capabilities complement Nouryon's existing strengths in crop nutrition.
Future Plans
Adam Nawrocki, owner and CEO of ADOB, expressed optimism about leveraging Nouryon's global reach to advance ADOB's growth. 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.
