Israel Chemicals Co., Ltd. (ICL) recently acquired Scotts Miracle-Gro's special fertilizer business for $255 million in cash.
ICL stakeholders said that the acquisition will greatly enhance the company's strength in the field of special fertilizers.
It is understood that Scotts Miracle-Gro is the world's largest producer of lawn and garden fertilizers, with operations in the United States, East Africa, the Eastern Mediterranean and the Far East. Special fertilizer for commercial nurseries, greenhouses and special crops. Including patented high-quality long-term fertilizers, slow-release fertilizers, water-soluble fertilizers, plant protection agents, wetting agents and so on. As of September 30, 2010, the company's special fertilizer business revenue reached 242 million US dollars.
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