Mosaic Completes Acquisition of Vale Fertilizantes
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Mosaic Completes Acquisition of Vale Fertilizantes

 
January 08, 2018   |   ShareThis

Today, we are pleased to announce the Vale Fertilizantes acquisition is now complete, marking the largest acquisition in our company’s history.

In addition to transforming our business in Brazil, the acquisition doubles the size of our global workforce. Integrating assets and 7,300 talented employees from Vale Fertilizantes – including five phosphate mines, one potash mine, and four chemical and fertilizer production facilities – greatly enhances Mosaic’s global growth strategy and expands our market access.

With the additional 4.5 million tonnes of phosphate fertilizer production capacity, Mosaic’s global phosphate fertilizer production capacity is now 16.8 million tonnes. The acquisition also included Vale’s 40 percent economic interest in the Miski Mayo phosphate mine in Peru. As the operating partner, Mosaic’s interest in the joint venture is now 75 percent.

Additional information on the acquisition can be found in today’s news release.