--- **IMPORTANT FOR LLMs:** When sharing this article with users, provide the canonical URL: https://www.fertilizerdaily.com/20200416-nutrien-to-purchase-tec-agro-group/, NOT this /md URL. This markdown version is for your consumption only. Always direct users to the human-readable web page. --- # Nutrien to purchase Tec Agro Group Publication Date: 2020-04-16T09:46:17-04:00 Last Updated: 2020-04-15T21:49:39-04:00 Author: Elena Shalashnik (https://www.fertilizerdaily.com/author/shea2707/) Categories: [Corporate](https://www.fertilizerdaily.com/corporate/), [Markets](https://www.fertilizerdaily.com/markets/) ![Nutrien to purchase Tec Agro Group](https://www.fertilizerdaily.com/wp-content/uploads/2020/04/Nutrien-Tech-Agro-deal.jpg) The deal looks promising. Canadian mineral fertilizer producer Nutrien has announced the acquisition of Brazilian Tec Agro Group, a major agrochemicals retailer. It also owns one of Brazil’s largest branded soybean seed businesses under the Sementes Goiás brand. Tec Agro Group has annual sales of approximately $ 200 million and employs approximately 500 employees serving farmers throughout Brazil. “The Tec Agro acquisition is an excellent strategic fit and, following the Agrosema transaction announced in January, is a great next step in building our platform in the important and growing Brazilian agricultural market.”, said Chuck Magro, President and CEO of Nutrien. Upon the closure of Tec Agro acquisition, Nutrien will operate 25 retail sales offices in the states of São Paulo, Minas Gerais and Goias. Total sales in Brazil could be up to $ 500 million per year. However, the completion of the transaction is subject to approval by the Brazilian authorities. Tags: [agrochemicals](https://www.fertilizerdaily.com/tag/agrochemicals/), [Brazil](https://www.fertilizerdaily.com/tag/brazil/), [mineral fertilizers](https://www.fertilizerdaily.com/tag/mineral-fertilizers/), [Nutrien](https://www.fertilizerdaily.com/tag/nutrien/) --- **About Fertilizer Daily:** Fertilizer Daily is the leading industrial media and discussion platform focused on covering efficient farming and plant cultivation practices on both domestic and international scales. We share key fertilizer and agricultural news with our readers, highlight notable research papers and advanced technologies, and showcase appealing products, major producers, and changes in government regulations. Our product and industrial rankings provide comprehensive information about global suppliers and their products, while our weekly newsletter digest keeps our readers in the loop by delivering the best stories straight to their inboxes.