SABIC Boosts African Agri-nutrients Presence with ETG Stake

SABIC Agri-Nutrients has agreed to acquire a 49% stake in ETG Inputs Holdco for an enterprise value of $320 million. ETG Inputs Holdco blends and distributes fertilizers, seeds and crop protection products across Africa from its more than 350 distribution centers.

The agreement is part of SABIC Agri-Nutrients’ strategy to move closer to farmers and end-customers in global agri-nutrient markets. The Saudi petrochemicals group said the transaction is subject to obtaining the necessary regulatory approvals and will be financed by the company’s own resources in addition to bank facilities.

“This move will help us expand our footprint taking advantage of growth opportunities to keep up with expected developments and to position the company as a leading player in the global agri-nutrients industry with the best-in-class capabilities in manufacturing, operation, planning, marketing, sales, supply chain, technology and research, and aftermarket services,” said SABIC Agri-Nutrients’ CEO Abdulrahman Shamsaddin.

SABIC Agri-Nutrients, which is owned 50.1% by SABIC, was launched in 2020 with the aim of becoming “the national champion and a global leader in the agri-nutrients industry.” It was previously known as Saudi Arabian Fertilizer Company (SAFCO).

Author: Elaine Burridge, Freelance Journalist

 

(c) SABIC
(c) SABIC

Whitepaper

Excellence in Pharmaceutical Distribution and The Critical Role of Good Distribution Practice (GDP)
Setting the Standard

Excellence in Pharmaceutical Distribution and The Critical Role of Good Distribution Practice (GDP)

Are you ready to elevate your pharmaceutical operations? Download our exclusive whitepaper and discover how compliance with Good Distribution Practice (GDP) is essential for the safety and integrity of pharmaceuticals.

CHEManager Spotlight

Standardization and Harmonization of Digital Chemical and Pharmaceutical Logistics
Creating Interfaces

Standardization and Harmonization of Digital Chemical and Pharmaceutical Logistics

CHEManager Spotlight is an exclusive event tailored for practitioners and decision-makers in the chemical industry. This part of our event series delves into the latest trends and innovations in logistics to streamline your operations and drive efficiency.