Plotted by close date where disclosed, otherwise announcement. Select any marker to jump to the deal entry.
Three patterns run through CF's acquisitions — what it looks for, how it pays, and how it folds in what it buys.
6 acquisitions — each with the deal value, financing structure, target revenue, and executive commentary where disclosed.
Cash-and-stock merger combining two North American nitrogen producers to create a global fertilizer leader with greater scale; added five nitrogen fertilizer facilities, a ~75.3% interest in Terra Nitrogen Company, L.P., and certain JV interests. Completed April 2010 (final purchase price ~$4.6 billion).
Terra stockholders will receive $37.15 in cash and 0.0953 of a share of CF Industries common stock for each share of Terra common stock. The transaction has a total value of approximately $4.7 billion.
CF acquired the outstanding CFL interests it did not already own (from Viterra, GROWMARK and La Coop federee), making the Medicine Hat, Alberta nitrogen complex a wholly owned subsidiary. Value disclosed in Canadian dollars, so excluded from the USD deal total.
the CFL common shares held by GROWMARK and La Coop federee for a total purchase price of approximately C$0.9 billion. In April 2013, we completed the acquisitions.
CF bought Yara's 50% equity interest in GrowHow UK (later CF Fertilisers UK), taking full ownership of nitrogen production complexes at Ince and Billingham, U.K. and establishing an advantaged position in an import-dependent region.
CF Industries Announces Agreement to Acquire Remaining Fifty Percent Interest in GrowHow from Yara for $580 million
Terra Nitrogen GP, a CF subsidiary, exercised its call right to purchase the 4,612,562 publicly traded common units of TNCLP it did not own, giving CF 100% of the general and limited partnership interests (Verdigris, Oklahoma facility).
TNGP completed its purchase of the TNCLP Public Units on April 2, 2018 (the Purchase), for an aggregate cash purchase price of $388 million.
Asset purchase of an 880,000-ton/year ammonia complex in Waggaman, Louisiana, adjacent and pipeline-connected to CF's Donaldsonville complex, supporting CF's low-carbon/clean ammonia strategy (includes a ~$425M long-term ammonia offtake to Dyno Nobel). Closed December 1, 2023. USD 1.675 billion.
CF Industries will purchase the Waggaman ammonia plant and related assets for $1.675 billion.
Proposed combination announced August 6, 2015 to combine CF with OCI's fertilizer and distribution businesses under a new UK-domiciled holding company. Terminated May 23, 2016 after U.S. Treasury inversion rules eliminated the structural synergies; excluded from deal total.
CF Industries Holdings, Inc. (NYSE: CF) and OCI N.V. (Euronext: OCI) today announce the termination of the proposed combination... The Treasury announcement on April 4, 2016 materially reduced the structural synergies of the combination.