Nouryon announced that it has reached a definitive agreement to acquire ADOB. Adam Fertilizers is a leading supplier of chelated micronutrients, foliar fertilizers and other specialty fertilizers. The acquisition will enable Nouryon to expand its product portfolio and expand its offering to customers in the crop nutrition market.
Charlie Shaver, Chairman and Chief Executive Officer of Nouryon, said: "Adding the ADOM business to Nouryon's portfolio is an excellent strategic opportunity. commitment. We look forward to welcoming Adam employees and customers to the Nouryon family.”
Headquartered in Poznan, Poland, ADOM is a global leader in water-soluble fertilizers and micronutrients, focusing on providing solutions for agricultural and horticultural crop production for more than 30 years.
"With a strong focus on technology and innovation, including biodegradable micronutrients, highly soluble specialty fertilizers and custom formulations, Adam's overall strength is an excellent complement to Nouryon's existing capabilities in crop nutrition." , said Larry Ryan, Executive Vice President and President, Performance Formulations and Americas, Nouryon.
Adam Nawrocki, Owner and Chief Executive Officer of Adam Nawrocki, said: "This merger presents a great opportunity for Adam to leverage the global reach of Nouryon to drive the next phase of global growth for our business .I look forward to joining the combined company on this global path in the coming months."
The acquisition is expected to close by the end of 2022, subject to approval procedures and other customary conditions. Other terms of the agreement were not disclosed.
Source: AgroPages
