PLYMOUTH, Minn. (
is in talks to acquire Mexican fertilizer company
for up to $1 billion, the
Wall Street Journal
A Mosaic acquisition of Grupo Fertinal, one of Latin America's leading fertilizer makers, would the company its first footprint in Mexico, the
The companies have been in talks for about six months, people familiar with the matter told the newspaper.
An acquisition of Fertinal would expand Mosaic's access to the phosphate rock it needs for making fertilizer in North America.
Mosaic produces about 10% of the world's potash fertilizer and controls 13% of the world's capacity to make phosphate fertilizer, according to the
-- Written by Joseph Woelfel in New York.
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