It has been reported that the Guatemalan firm announced the acquisition on November 20, and it is subject to consideration by the Commission for the Promotion of Competition (COPROCOM) in Costa Rica.

"... In a statement, it was explained that Disagro has over 40 years of being in the market for the supply of fertilizers and other agricultural products in the region. It currently has activities in 11 ports in Central America, southern Mexico and Colombia, 12 production plants making fertilizers and one agrochemicals production plant. "

Nacion.com reports that "... In Costa Rica, Disagro said that it is developing a new business model through which it can offer local farmers products and services which are innovative, differentiated and high value, but not did not give further details. "

More on this topic

Fertilizer Imports Down 23%

November 2017

In 2016, Costa Rica imported $142 million worth of fertilizers, 23% less than the $183 million worth imported in 2015.

Figures from the information system on the the Fertilizer Market in Costa Rica, compiled by the Business Intelligence Unit at CentralAmericaData: [GRAFICA caption = "Click to interact with the graph"]

M&A in the Agrochemical Industry

September 2017

American Vanguard Corporation has announced the acquisition of Grupo Agricenter, dedicated to the production and commercialization of crop protection products in Central America.

From a  statement issued by Agricenter:

NEWPORT BEACH, Calif.--(BUSINESS WIRE)--American Vanguard Corporation (NYSE:AVD) announced today that its wholly owned subsidiary AMVAC Netherlands BV, will acquire Grupo Agricenter to reinforce its commercial, technical and development structure in the Latin-American region. AMVAC has been a key player in the Latin American agricultural sector for more than a decade and has become a leader in the nematicides segment for crops such as banana and pineapple. The acquisition of Grupo Agricenter, a well-established distributor of multiple crop protection products in seven Central American and Caribbean countries, will considerably expand AMVAC’s product and service offerings in the region.

Central America: Prices of Imported Fertilizers Down 43%

August 2017

In the last five years, the average price of a kilo of fertilizers imported in the countries in the region fell by 43%, going from $0.54 to $0.31.

Figures from the information system on the the fertilizer market in Central America, compiled by the Business Intelligence Unit at CentralAmericaData: [GRAFICA caption = "Click to interact with the graph"]

Nicaragua: More Fertilizer Production

October 2016

With the enlargement, the storage capacity in the plant making nutrition products for crops which Disagro operates in Corinto will increase from 35,000 to 55,000 metric tons.

$4 million was invested in the expansion of the plant making nutrition products for crops.