ICL, a leading global specialty minerals company, has acquired Nitro 1000, a Brazilian manufacturer specializing in biologicals, for approximately $30 million. This strategic move not only enhances ICL’s presence in the biologicals market but also broadens its product offerings, positioning the company for further growth in new and adjacent end-markets. Nitro 1000’s products, tailored for soybean, corn, and sugar cane crops, offer sustainable alternatives to traditional fertilizers, aiding farmers in boosting profitability while promoting environmental stewardship. The acquisition enables ICL to leverage its robust R&D capabilities and global reach, fostering innovation and market expansion, particularly in Brazil. With increasing demand for biological solutions in agriculture, ICL anticipates significant growth opportunities in this sector, aligning with its strategic focus on investing in sustainable agricultural practices.

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