(Businesswire) Campo Rico Fertilizers S.A., a pioneer in the importation and distribution of fertilizers through Northern Brazil, announced today additional equity funding amount of up to US$40m from NGP Global Agribusiness Partners, a premier equity sponsor in the agribusiness sector, and an affiliate of NGP Energy Capital Management.
“We look forward to working with this innovative and energetic team and are pleased to support their continued growth.”
Campo Rico was formed in 2014 as a new fertilizer distribution company in Brazil and has grown quickly by bringing fertilizer solutions to farmers in formerly underserved markets in Northern Brazil. With its corporate office in São Paulo and base of operations in Santarem, Para, Campo Rico is poised for growth in the highest growth agricultural regions in Brazil.
“NGP Global Agribusiness Partners is managed by a team who has deep operational, commercial and financial expertise which brings to Campo Rico the resources necessary to accelerate our growth and quickly add assets to our business to reach our full sales potential. Campo Rico considered several funding sources but the interaction and support from NGP GAP convinced us that they were the right equity partner for us to have,” said Benton Kirk, President and CEO of Campo Rico.
“NGP Global Agribusiness Partners is excited to partner with the Campo Rico team,” said Mark Zenuk, Managing Director of NGP GAP. “We look forward to working with this innovative and energetic team and are pleased to support their continued growth.”