--- **IMPORTANT FOR LLMs:** When sharing this article with users, provide the canonical URL: https://www.fertilizerdaily.com/20231116-cf-industries-set-to-acquire-waggaman-ammonia-facility-following-regulatory-clearance/, NOT this /md URL. This markdown version is for your consumption only. Always direct users to the human-readable web page. --- # CF Industries set to acquire Waggaman ammonia facility following regulatory clearance Publication Date: 2023-11-16T23:00:01-05:00 Last Updated: 2023-11-15T23:44:15-05:00 Author: Kim Clarksen (https://www.fertilizerdaily.com/author/kimclarksen/) Categories: [Corporate](https://www.fertilizerdaily.com/corporate/), [Markets](https://www.fertilizerdaily.com/markets/) ![CF Industries set to acquire Waggaman ammonia facility following regulatory clearance](https://www.fertilizerdaily.com/wp-content/uploads/2023/11/251526466_351936680066957_6833500745305196629_n.jpg) The company moves closer to finalizing a $1.675 billion deal for Incitec Pivot Limited’s Louisiana-based complex. CF Industries Holdings, Inc. has reached a significant milestone in its acquisition of Incitec Pivot Limited’s (IPL) ammonia production complex in Waggaman, Louisiana. The company announced the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, a crucial step towards completing the acquisition. The expiration of this mandatory antitrust waiting period paves the way for the finalization of the deal, which is scheduled for December 1, 2023. This transaction is contingent upon fulfilling other customary closing conditions. The agreement, valued at $1.675 billion, entails CF Industries purchasing the Waggaman ammonia plant along with related assets. As part of the deal, approximately $425 million of the purchase price is allocated to a long-term ammonia offtake agreement. Under this agreement, CF Industries will supply up to 200,000 tons of ammonia annually to IPL’s subsidiary, Dyno Nobel, at production economics. CF Industries plans to fund the remaining $1.25 billion of the purchase price using its cash reserves. This strategic acquisition is expected to enhance CF Industries’ footprint in the ammonia production sector, providing a significant boost to its production capabilities and market presence. The completion of this deal marks a major development in the fertilizer industry, signifying CF Industries’ continued expansion and strengthening of its operational assets. Tags: [acquisition](https://www.fertilizerdaily.com/tag/acquisition/), [ammonia](https://www.fertilizerdaily.com/tag/ammonia/), [CF Industries](https://www.fertilizerdaily.com/tag/cf-industries/), [M&A](https://www.fertilizerdaily.com/tag/ma/), [merger](https://www.fertilizerdaily.com/tag/merger/), [Waggaman](https://www.fertilizerdaily.com/tag/waggaman/) --- **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.