“The addition of the ADOB business to Nouryon’s portfolio is an excellent strategic opportunity for our company,” said Charlie Shaver, Chairman and CEO of Nouryon. “This transaction confirms our commitment to our customers in the Agriculture and Food industry. We look forward to welcoming the employees and customers of ADOB to the Nouryon family.”
Headquartered in Poznań, Poland, ADOB is a global leader in water-soluble fertilizers and micronutrients and has been producing specialty solutions for agricultural and horticultural crops for more than 30 years.
“With its strong focus on technology and innovation including biodegradable micronutrients, high-solubility specialty fertilizers and custom formulations, ADOB’s capabilities are an excellent complement to Nouryon’s existing capabilities in crop nutrition,” said Larry Ryan, Executive Vice President and President of Performance Formulations and the Americas at Nouryon.
“This combination is a great opportunity for ADOB to leverage a large global organization to advance to the next stage of global growth,” said Adam Nawrocki, owner and CEO of ADOB. “I look forward to supporting the combined company on this journey in the coming months.”
The transaction is expected to close by year-end 2022, subject to required approvals and customary closing conditions. Additional terms of the agreement were not disclosed.