Plotted by close date where disclosed, otherwise announcement. Select any marker to jump to the deal entry.
Three patterns run through Adecoagro's acquisitions — what it looks for, how it pays, and how it folds in what it buys.
2 acquisitions — each with the deal value, financing structure, target revenue, and executive commentary where disclosed.
Adecoagro acquired a 90% controlling interest in Profertil S.A., the largest producer of granular urea in South America, buying Nutrien Ltd.'s 50% stake (through an 80%-20% partnership with Asociacion de Cooperativas Argentinas, "ACA") and then YPF S.A.'s remaining 50%; ACA retains 10%. Profertil's Bahia Blanca industrial complex (port of Ingeniero White, Buenos Aires) has annual capacity of roughly 1.3 million metric tons of granular urea and 790 thousand metric tons of ammonia, supplies about 60% of Argentina's urea consumption, runs a fully dollarized export-oriented revenue base, and generated average annual EBITDA of approximately US$390 million over 2020-2024. Adecoagro completed the acquisition on December 18, 2025; the transaction added roughly US$1,303 million of property, plant and equipment (about US$1,107 million tied to the fertilizer complex). Approximately US$1.1 billion for its 90% stake (US$596.3 million consideration transferred per Adecoagro's audited FY2025 20-F note).
This transaction constitutes a strategic opportunity for Adecoagro. Profertil is one of the best companies in Argentina, strategically located with access to competitive gas supply, in a region that is a net importer of urea. At Adecoagro we have always focused on being the lowest-cost producer, and Profertil shares this same philosophy. We believe this acquisition is an excellent fit for our agro-industrial platform, enabling us to continue diversifying our operations and reduce volatility in our results.Mariano Bosch — Co-Founder & CEO, Adecoagro
This acquisition is a transformative milestone for Adecoagro. It greatly expands our scale, enhances our production capabilities, and further diversifies our portfolio, strengthening the Company's ability to perform across different market cycles. Profertil is uniquely positioned as a low-cost urea producer, leveraging the vast potential of Vaca Muerta to boost Argentina's competitive advantages and support sustainable, long-term growth.Mariano Bosch — Co-Founder & CEO, Adecoagro (deal-completion release, Dec 15, 2025)
Adecoagro agreed to acquire the Caarapo Mill from the Raizen Group, in the municipality of Caarapo, Mato Grosso do Sul, Brazil, including owned sugarcane and sugarcane supply agreements. The mill processed approximately 3.5 million tons of sugarcane in the 2025/26 harvest and can produce sugar, hydrous and anhydrous ethanol, and renewable energy. Located roughly 100 km from Adecoagro's Angelica and Ivinhema mills, it will be integrated into the company's Mato Grosso do Sul cluster. Closing is subject to approval by Brazil's antitrust authority (CADE) and was expected before October 1, 2026. R$760 million (approximately US$148 million), subject to adjustments, payable in cash upon closing.
We view the acquisition of Caarapo as a natural extension of our current industrial footprint in Mato Grosso do Sul. Given its geographic proximity, the mill will be integrated into our Cluster strategy, allowing us to process additional sugarcane - including excess cane from our existing operations - while leveraging shared infrastructure, management, and best practices to replicate our competitive advantages, reinforce our low-cost production model, and meaningfully grow Caarapo's crushing volume with limited incremental investment.Renato Junqueira Pereira — VP Sugar, Ethanol & Energy, Adecoagro
We are very pleased with this transaction. Acquiring Caarapo will allow us to strengthen our S&E platform, while reinforcing our position among the lowest-cost producers in the industry.Mariano Bosch — Co-Founder & CEO, Adecoagro