Yara To Acquire Gulf Coast Ammonia Plant For $1.3 Bln

Yara International said its U.S. subsidiary, Yara North America, agreed to acquire the Gulf Coast Ammonia production facility in Texas City from GCA Holdings LLC (affiliated with Lotus Infrastructure Partners and MB Energy). The deal expands Yara’s ammonia production footprint in the U.S. Gulf Coast market, which is generally supportive for capacity and supply positioning.

Analysis

Yara International said its U.S. subsidiary, Yara North America, agreed to acquire the Gulf Coast Ammonia production facility in Texas City from GCA Holdings LLC (affiliated with Lotus Infrastructure Partners and MB Energy). The deal expands Yara’s ammonia production footprint in the U.S. Gulf Coast market, which is generally supportive for capacity and supply positioning.