Yara acquires some of South Africa's Kynoch Fertilizer business

30 April 2014 12:36 Source:ICIS News

LONDON (ICIS)--Yara International acquired Kynoch Fertilizers' operations in certain parts of South Africa for $31m during the first quarter of this year, the Norway-based fertilizer major revealed on Wednesday.

"Yara acquired the Kynoch business in the Cape regions of South Africa on 1 March 2014 ... the transaction value is $31m and the unit is included in the downstream segment," the Oslo-based company noted in its first quarter report.

"The business represents [140,000 tonnes] of fertilizer sales, with a differentiated product portfolio offering crop nutrition solutions," Yara added without providing any further details.

According to the Johannesburg-headquartered company's website, the firm is a "leading wholesaler of a complete range of granular, liquid and speciality fertilizers" in the domestic market and foreign markets such as Mozambique, Malawi, Zimbabwe, Zambia, Botswana, Namibia, Indian Ocean Islands and the Democratic Republic of Congo.

Kynoch's range of granular fertilizers includes urea, ammonium sulphate (AS) and monoammonium phosphate (MAP), while its fertilizer blends include nitrogen, phosphorus and potassium (NPK) and nitrogen, phosphorus, potassium and sulphur (NPKS).

The distributor also sells liquid products like urea ammonium solutions (UAN) andYara-branded water soluble nitrogen and calcium fertilizer products.

By Richard Ewing