Year-end Sale % OFF 
Abstract
A rash of consolidation has broken out in the fertilizer industry. CF Industries will strengthen its leading position in nitrogen fertilizers with the purchase of plants in North America and beyond from the Dutch firm OCI. CVR Partners will acquire a facility from Rentech Nitrogen. And PotashCorp continues a hostile bid for Germany’s K+S. CF is paying $8 billion in cash, stock, and assumed debt for the OCI assets. For that price CF will get OCI’s massive nitrogen complex in Geleen, the Netherlands; a large fertilizer plant in Wever, Iowa; and an ammonia/methanol plant in Beaumont, Texas. It will also acquire OCI’s distribution business and a 45% interest in Natgasoline, a methanol project under construction in Beaumont. OCI will hold on to fertilizer plants in Algeria and Egypt. It will also keep the recently purchased BioMCN methanol facility in the Netherlands and a 55% interest in Natgasoline. Meanwhile, CVR’s deal ...
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