EuroChem Group AG, Zug, Switzerland, on Oct. 8 announced the expansion of its North American distribution network via the assumption of dry and liquid fertilizer transport and storage assets from international merchandising and trading firm Trammo Inc., New York City.
The fertilizer group said the move substantially expands its fertilizer storage capacity in the U.S., and will enable it to strengthen its presence into Western Canada as well as on the East Coast. EuroChem now operates 25 warehouses in the U.S. with a current storage capacity of about 500,000 mt.
It said the U.S. market accounted for about 11 percent of group sales in 2017. The group expanded its presence in the U.S. in October 2015 with the acquisition of Ben-Trei, a fertilizer distribution business historically focused on sales within the country’s heartland.
“The agreement with Trammo will substantially increase our storage capacity, while also broadening our geographic reach,” said EuroChem North America Managing Director Charlie Bendana. “It will support the ongoing expansion of our U.S. business, allowing us to fulfil growing demand from local farmers for high-quality fertilizers.”