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Business
Distributor Buys Into Fertilizers
August 13, 2007
| A version of this story appeared in
Volume 85, Issue 33
British distributor Chance & Hunt has signed an agreement to acquire the process chemicals business formed through a new U.K.-based fertilizers joint venture between Kemira's GrowHow subsidiary and Terra Nitrogen. The venture had to sell a $10 million-per-year business, which consists of a variety of nitrogen chemicals, including nitric acid, ammonia, and magnesium nitrate, to gain approval from the European Commission antitrust authorities. Kemira GrowHow will continue to operate the plant in Cheshire, England, as a toll manufacturer for Chance & Hunt.
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