Fertilizer supplier BRFértil, Curitiba, Parana, announced on Sept. 21 that it has purchased the majority of the shares of the Brazilian block of Andali, Curitiba, Parana, a fertilizer storage and blending company. The value of the deal was not released.
BRFértil explained that the Brazilian block represents 50 percent of the company’s capital, and that it acquired 26.5 percent of the shares. CHS do Brasil, the Brazilian arm of U.S.-based cooperative CHS Inc., Inver Grove Heights, Minn., holds a 50 percent in stake in Andali, which it acquired in 2012 (GM July 9, 2012).
In 2019, BRFértil reported revenues of approximately R$400 million, and it expects these to grow 50 percent in 2020 as it has expanded into Mato Grosso.
“Currently, within our operations, 70 percent of sales are concentrated in the State of Paraná,” said Aluisio Schwartz Teixeira, BRFértil president. “The merger with Andali will allow us to expand borders and we will have secure and competitive access in the State of Mato Grosso, using the services of a company that is a reference in the sector.” He expects the Brazilian fertilizer market to have annual growth of 10 percent annually over the next three years, and to pass 40 million mt.