Pinnacle Agriculture Holdings LLC, Loveland, Colo., announced on July 9 that its Board of Managers has decided to launch a process to explore strategic alternatives for the company. The Board of Managers has engaged Credit Suisse Securities (USA) LLC to lead the process, which will consider a broad range of strategic alternatives, including a potential sale of the company. The company said the decision to launch this process follows multiple unsolicited expressions of interest in Pinnacle from several parties both within and outside of the agriculture industry.
K+S Group, Kassel, has commissioned a new plant at its Wintershall site at the Werra plant, Germany, producing magnesium sulfate anhydrous. The product is a specialty fertilizer used in fertigation and as a granulation aid for compound fertilizers, as well as for uses in the pulp industry, among others, the company said in a statement.
K+S has invested about €34 million in the new facility. It expands the company’s production capacity of magnesium sulfate anhydrous by more than 50 percent – to “a low six-digit amount” of mt/y, according to Bloomberg.
The new plant will also produce the animal feed product KaSa Mag 98.
Disclaimer of Warranty
All information has been obtained by Green Markets from sources believed to be reliable. However, because of the possibility of human or mechanical error by our sources, Green Markets or others, Green Markets does not guarantee the accuracy, adequacy, or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information.
For additional details visit our
Terms of Use.
