CHS acquires stake in Brazilian fertilizer provider
July 7, 2012
by Eric Schroeder
ST. PAUL, MINN. — CHS Inc. has acquired a 50% stake in Andali, a provider of fertilizer storage and blending services based in Paranagua, Brazil.
“CHS strategic investment in Andali supports our global fertilizer growth aspiration,” said Stefano Rettore, senior vice-president, CHS South America. “CHS will have secure, long-term access to fertilizer capacity for current and future demand allowing us to serve rapidly developing corn and soybean production.”
The investment is expected to allow Andali to further develop its industrial capacity on a national scale with improved and expanded services and efficiencies.
“Andali and CHS share common values,” said Rafael Vaccari Goncalves, chief executive officer of Andali. “With this investment Andali is going to be well-positioned to deliver high quality fertilizer services to customers throughout Brazil.”
CHS currently has a service agreement with Andali, part of its extensive supply chain capabilities.
“CHS sources fertilizer from 20 countries and has the global expertise, connections and customer focus to expand fertilizer sales in this important geography,” Mr. Rettore said.
In May, CHS announced it had purchased 25% ownership of TCN, a Brazilian logistics company and also signed a long-term agreement with TCN, securing export terminal access at the Port of Itaqui, Sao Luis, Brazil.