Fertistream buys Africa-focused Nutrisource

UAE-based trading firm Fertistream has acquired Singapore-based Nutrisource and its fertilizer assets in Africa.

The deal includes the purchase of Nutrisource's new 200,000 t/yr blending unit in Togo. The unit has 60,000t of storage capacity for raw materials and 30,000t for finished product. Production of blends at the facility is expected to begin in the fourth quarter, for sale to the local region.

The new unit will have the ability to produce high-phosphate NPK blends, which are in demand in the region, as well as tailored blends to meet the needs of regional crops and soils. The unit is north of the port of Lome, enabling it to supply neighbouring countries, including Burkina Faso, Ghana, Niger, Benin and Mali.

Fertistream has sold almost 500,000t of fertilizers to African markets so far this year, and the acquisition will further strengthen the company's position in the continent, especially in west Africa.

By Nykole King