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Monday, 7 August 2017

EuroChem acquires Emerger; strengthens market in Latin America




EuroChem Group AG has acquired Emerger Fertilizantes SA, a privately-owned distributor of premium and standard fertilisers in Argentina.
EuroChem continues to expand its distribution network to get better access to several important markets with its recent acquisitions in Brazil, Bulgaria, Hungary and Spain. This acquisition will further strengthen EuroChem’s footprint in Latin America which is an important region currently accounting for 11 percent of its fertiliser sales.
Emerger has annual fertiliser sales of 50 thousand metric tonnes (KMT). It owns a warehouse with a storage capacity of 12 KMT about 8 kilometres from the port of San Nicolas de los Arroyos, northern Argentina, and rents 3 separate retail centres. About 60 percent of sales are of premium fertilisers with a good presence in the local tobacco industry, and the remainder is accounted for by sales to customers in the North East, Central and Central East regions of Argentina. Emerger has 25 employees.

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