Grupa Azoty buys Compo Expert, enters specialty fertilizers

摘要

Grupa Azoty (Tarnow, Poland) has agreed to buy specialty fertilizer company Compo Expert Group (Munster, Germany) from private equity firm Xio Group. Grupa Azoty will purchase Goat TopCo, a subsidiary of Xio that controls Compo Expert. Grupa Azoty says the purchase price "will not be higher than" €235 million ($273 million). The deal, which remains subject to approval from Grupa Azoty's shareholders, is expected to close in the fourth quarter of 2018 or first quarter of 2019.