Netherlands-based Nouryon has entered into a definitive agreement to acquire ADOB Fertilizers, a supplier of chelated micronutrients, foliars and other specialty fertilizers.
The acquisition will enable Nouryon to expand its product portfolio and broaden its offerings for customers in the crop nutrition market.
Headquartered in Poznań, Poland, ADOB is a global leader in water-soluble fertilizers and micronutrients, and has been producing specialty solutions for agricultural and horticultural crops for more than 30 years.
“With its strong focus on technology and innovation including biodegradable micronutrients, high-solubility specialty fertilizers and custom formulations, ADOB’s capabilities are an excellent complement to Nouryon’s existing capabilities in crop nutrition,” said Larry Ryan, executive vice president and president of performance formulations and the Americas at Nouryon.
Adam Nawrocki, owner and CEO of ADOB added, “This combination is a great opportunity for ADOB to leverage a large global organization to advance to the next stage of global growth.”
The transaction is expected to close by year-end 2022. Additional terms of the agreement were not disclosed.
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