September 20, 2008
Tessenderlo Kerley, Inc. Expands Holdings Acquiring Agrochem, Turkey
Tessenderlo Kerley, Inc. (TKI) announced today the acquisition of the assets, marketing and distribution channels of Agrochem of Istanbul and Izmir, Turkey. The company will be called Tessenderlo Agrochem (TA).
Agrochem has been a key distributer for TKI in the area for the past 14 years and in addition has been manufacturing TKI plant nutrient solutions including KTS(R), NZN(R), KPS(TM), NMg(R) and NFE(R). Plant expansion is planned to begin producing urea-triazone slow release nitrogen solutions as well.
Ugurtan Cop will continue as general manager of Tessenderlo Agrochem and TA will retain current employees within the organization.
Purchase price was not available at time of this release.
Tessenderlo Kerley, Inc. headquartered in Phoenix, Arizona, produces and markets specialty chemical solutions, including fertilizers, crop protection chemicals and process chemicals and services to diverse markets in the United States, Mexico, Central and South America and selected European countries and the United Kingdom. TKI operates 10 manufacturing plants in North America, in addition to an extensive terminal network. (www.tkinet.com) TKI is a subsidiary of the Tessenderlo Group, Brussels, Belgium.
Tessenderlo Group is an international chemicals group with more than 100 branches in 20 countries. Around 8,100 people work for the group. The group is a world and European leader in most of its product areas. Tessenderlo Chemie NV is listed on Eurolist by Euronext Brussels and is part of Next 150 and BEL Mid. (www.tessenderlogroup.com)