Israel’s ICL Buys Brazilian Business | Chemical & Engineering News
Volume 92 Issue 1 | p. 11 | Concentrates
Issue Date: January 6, 2014

Israel’s ICL Buys Brazilian Business

Department: Business

ICL, a leading Israeli chemical maker, is buying a 44% stake in the purified phosphoric acid maker Fosbrasil from Brazilian mining firm Vale for $52 million. With its existing holdings, ICL will now have a majority interest in the company. ICL says the operation will complement its phosphate assets in the U.S., Mexico, Germany, Israel, and China. Phosphoric acid is used in beverage, food processing, and industrial applications. The transaction will be reviewed by Brazilian antitrust authorities.

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