Morocco-based OCP group announced on Wednesday the acquisition of 50% ownership in Spanish fertilizer producer Global Feed S.L from Fertinagro Biotech, said OCP in a press release announcing the transaction.
“Following this acquisition, we intend to increase GlobalFeed’s production capacity to 400,000 tons per year by 2027, in order to serve the needs of our customers around the globe, with an offering that expands our portfolio to include, beyond DCP, MCP, and MDCP, premium products and customized solutions,” said Managing Director for Specialty Products and Solutions at OCP Group Marouane Ameziane.
Founder of Fertinagro Biotech, Generoso Martin, added, “The completion of this acquisition not only demonstrates the two companies’ strong commitment to continue serving customers with innovative phosphate solutions, but is also a testament to the success of the two companies’ relationship, which we will continue to strengthen in the years to come.”
GlobalFeed is part of an agricultural sector group based out of Huelva, Spain. It manufactures and distributes a wide range of products in the animal nutrition segment, including phosphate-based commodities and high-value feed solutions customized to different livestock species.
Fertinagro is a major Spanish fertilizer company in the production and commercialization of plant nutrition solutions (NPK, enriched NPK, biostimulants etc.) and is a leading player in terms of product development capabilities biotech application and the number of patents registered.