EuroChem Completes Acquisition of K+S Nitrogen
EuroChem and K+S announced the successful completion of the acquisition of K+S Nitrogen by EuroChem. The sale of K+S' nitrogen fertiliser distribution business to EuroChem was approved by the EU antitrust authority on June 25, 2012.
“The acquisition of K+S Nitrogen is the latest step in our strategy to expand EuroChem’s geographic footprint and move closer to our end-users, while further bolstering our product offering,” commented Valery Rogalskiy, EuroChem sales Director.
The strategy of the K+S Group provides for growth in the Potash and Magnesium Products and the Salt business segments and for focusing management resources and financial means on this accordingly. Against this background, K+S had sold the business activities of COMPO to the investment company Triton last year and announced the sale of K+S Nitrogen to EuroChem on May 8, 2012.
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