Plymouth, Minn. — The Mosaic Co. said July 31 that it has received permission from Brazilian regulatory authorities to acquire Archer Daniels Midland’s fertilizer distribution business in Brazil and Paraguay. Mosaic said it hopes to close on the business and its 500 employees by the end of the year. Once completed, Mosaic expects to increase its distribution in what it termed the world’s most promising agricultural area from 4 million mt to 6 million mt annually, establishing a strong platform for future growth. In the meantime, Mosaic is working toward the sale of its Argentina distribution business and expects to soon cease operations in Chile.
Transparency Across the Fertilizer Value-Chain