Yara acquires Mexican fertilizer company Olmeca


Yara International ASA has acquired the Mexican fertilizer company Olmeca from Sociedad Quimica y Minera de Chile S.A. (SQM). Olmeca had sales of 160,000 tonnes of fertilizers in 2005 and is considered an ideal vehicle to drive Yara's market position in Mexico.

"Mexico is the fourth largest fertilizer market in the Americas after the USA, Brazil and Canada. The acquisition of Olmeca contributes to strengthening Yara's position in the Mexican fertilizer market and creates a strong foundation for increased sales to the cash crop segment", says President and CEO of Yara International, Thorleif Enger.

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