Tel Aviv-Israel Chemicals Ltd. said June 25 that it has entered into a definitive agreement to acquire U.S.-based Supresta LLC, the world’s largest producer of phosphorus-based flame retardants and other products made from phosphorus. The purchase price is $352 million, subject to certain adjustments – mainly working capital. The consideration will be paid in cash upon closing of the transaction. ICL is financing the purchase from its own resources and from existing bank credit lines. After the acquisition, Supresta will become part of the ICL Industrial Products segment, giving the segment annual revenues of approximately $1.1 billion (based on 2006 data). Supresta was established in 2004, when it was bought from Akzo Nobel by a portfolio company of Ripplewood Holdings LLC, a U.S.-based private equity firm. Supresta employs more than 300 people in two plants, one in the U.S. and one in Germany. It manufactures more than 80 phosphorus-based products used in industrial applications.
Transparency Across the Fertilizer Value-Chain