Yara International Set to Expand Its Business in Latin America
CHEMMONITOR.COM - Norwegian chemical company, Yara International ASA, will purchase OFD Holding, which belongs to US company Omimex Resources. The acquisition, which includes facilities located in Colombia and distribution companies in Latin America, is assessed at USD 425 million. The transaction is scheduled for completion in Q2 of 2014.
Yara is going to expand its business in Latin America. The purchase is set to raise the company’s fertilizer capacity based in Colombia to around 500,000 tonnes per year.