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Yara completes acquisition of OFD Holding Inc. - Oct 02, 2014

Yara in agribusiness-jobs.de
agribusiness-jobs.de:
Yara International ASA, Oslo, 2 October 2014: Yara International ASA has obtained relevant regulatory approvals and closed the acquisition of OFD Holding Inc. (OFD) allowing the integration process to start. The OFD operations comprise production facilities in Cartagena, Colombia and distribution companies across Latin America. "We welcome the approvals from regulatory authorities which now allow us to close the acquisition and start the integration process," said Jørgen Ole Haslestad, President and Chief Executive Officer of Yara International ASA.
Quelle: Yara International ASA 
OFD owns and operates a fertilizer production facility in Cartagena with an annual capacity of approximately 320 kilotons (kt) compound NPK, 100 kt calcium nitrate (CN) and 70 kt ammonium nitrate (AN), with integrated ammonia production. OFD also controls approximately 700 kt of NPK blending capacity across 12 sites and 100 kt liquid fertilizer capacity as part of its fertilizer distribution network across Colombia, Mexico, Peru, Bolivia, Costa Rica and Panama. In 2013 OFD sold 1,211 kt of fertilizer, generating net revenues of USD 693 million and an EBITDA of USD 42 million. Yara confirms expected annual synergies of USD 20 million.

About YarA:
Yara delivers solutions for sustainable agriculture and the environment. Our fertilizers and crop nutrition programs help produce the food required for the growing world population. Our industrial products and solutions reduce emissions, improve air quality and support safe and efficient operations. Founded in Norway in 1905, Yara has a worldwide presence with sales to 150 countries. Safety is always our top priority.
Quelle: Yara International ASA  / LMV-Jobboerse.de

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