Buy American distributor of mineral fertilizers Ben-Trei Fertilizer Company will allow EuroChem to gain direct access to clients Ben-Trei, said in a statement.
MOSCOW, 28 Oct. A subsidiary of EuroChem EuroChem Trading USA bought American distributor of mineral fertilizers Ben-Trei Fertilizer Company, the company said on Wednesday.
The transaction was closed on October 22. The purchase will enable EuroChem to gain direct access to clients Ben-Trei and increase its presence in the U.S. market, the report says.
The sum of transaction is not called.
The company Ben-Trei was founded in 1987 in the city of Tulsa (Oklahoma). Today it operates in all key agricultural regions of the USA — Texas and Louisiana on the South, along the “Corn belt” in the Midwest and in California. By the end of 2015 financial year, ended 30 September, Ben-Trei has supplied over 1 million tons more than 530 customers.
In the U.S. market, EuroChem has been operating since 2006 through its subsidiary, EuroChem Trading USA with an office in Tampa. Previously, the group announced plans to build a Louisiana factory for production of mineral fertilizers, working on gas raw materials. By the end of 2014, the share of U.S. in total volume of sales “EuroChem” was 8%.