Tel Aviv-Israel Chemicals Ltd. (ICL) has completed the acquisition of Scotts’ Global Professional division from Scotts Miracle-Gro Co. (GM Dec. 13, 2010). ICL paid $270 million for the global manufacturer of specialty fertilizers, horticultural, and turf products. “The field of specialty fertilizers is a growing area, and Israel Chemicals specialty chemicals activities have received a significant boost from this acquisition,” said Akiva Mozes, ICL CEO. He added that Scotts’ distribution and market capabilities will bring ICL even closer to customers and create optimal synergy for a broad basket of products that the company now has in specialty fertilizers. The deal is expected to double ICL’s specialty fertilizer revenues from the current level of $250 million, or about 10 percent of the company’s total revenues. This will give ICL an estimated 20 percent of the global market.
Transparency Across the Fertilizer Value-Chain