Israel Chemicals Ltd., Tel Aviv, reports that it has acquired Growers Holdings Inc., Raleigh, N.C., which has a platform that collects and structures manual and machine-generated farm data.
“The acquisition of Growers expands and strengthens our offering of agro-digital services and our capability to develop innovative solutions to generate higher agricultural yield and more efficient and sustainable agricultural practices,” said ICL President and CEO Raviv Zoller.
CVR Partners LP, Sugar Land, Texas, had a full-year
net loss of $35
million, compared to 2018’s net loss of $50 million. However, it
reported a fourth-quarter net loss of $25 million, compared to a
year-ago loss of $1 million.
“For the full-year 2019, CVR
Partners achieved year-over-year increases in net income and
EBITDA,” said Mark
Pytosh, CEO of CVR Partners’ general partner. “The business also
achieved higher fertilizer sales volumes and stronger product pricing during
the year, and as a result, distributed a total of 40
cents per unit during 2019 despite continued weather impacts that
created less than desirable market conditions during the year.”
The Mosaic Co., Tampa, reported a net loss
of $1.07 billion for full year 2019, versus 2018 income of $470 million. The
dive reflected noncash charges from previously announced asset portfolio
optimization decisions as well as a goodwill impairment, all related to
challenging industry conditions. Mosaic noted that weather conditions, including
the wettest year in North America in almost 50 years, negatively impacted North
American spring and fall applications and sales volumes, which in turn
pressured prices.
Mosaic had a fourth-quarter loss of $921
million, compared to year-ago income of $112.3 million.
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