Seale Advised Cosmocel on the Divestiture of Cosmocel Química
Seale & Associates announced that it acted as exclusive financial advisor to Cosmocel, S.A. de C.V. ("Cosmocel") on the carve-out and sale of its Cosmocel Quimica, S.A. de C.V. ("Cosmocel Quimica") division, a leading Mexican manufacturer of functional food ingredients and specialty chemicals, to ICL Performance Products LP ("ICL-PP"), a leading global specialty phosphate producer. Terms of the transaction were not disclosed. The transaction closed on June 30, 2011.
About Cosmocel
Cosmocel Quimica, based in Monterrey, Mexico, is well known for high quality standards in production and service and has been a well-established Mexican market leader for more than 50 years. ICL will acquire the company's state-of-the-art manufacturing facility in Monterrey, Mexico and its extensive sales and distribution network in Mexico, Central and South America.
Cosmocel remains focused on its core agricultural division, which provides products and services to growers of vegetables, fruit and flowers, offering leading high technological nutrients as well as specific nutritional programs to meet the most demanding crop requirements and soil conditions.
Cosmocel offers solutions to yield better crops by offering specialty product lines specifically designed to nurture the plant in order to maintain and improve its nutrient levels, always seeking to maximize the growers' profit. For more information, visit www.cosmocel.com.
About ICL
ICL Performance Products LP, headquartered in St. Louis, Missouri, is a wholly owned subsidiary of Israel Chemical Limited ("ICL"), based in Tel Aviv, Israel.
ICL, listed on the Tel Aviv Stock Exchange (TASE:ICL), is engaged in the development, manufacture, and marketing of fertilizers, industrial products, metallurgy, and performance products with over 11,000 employees and sales of US$5.7 billion in 2010. ICL-PP (23% of 2010 ICL total sales) is a major contributor to ICL's global leadership position in food-grade phosphoric acid, phosphate salts, food additives and hygiene products, as well as specialty products and services for the paper, construction and water treatment markets. ICL-PP's production facilities are located in Europe, North and South America, Israel, Australia and China. For more information, visit www.icl-group.com.
About Seale & Associates
Seale & Associates Inc. is a global investment banking firm with extensive experience in mergers and acquisitions, corporate finance advisory, and enterprise-level strategy consulting. Our professionals are trusted advisors maintaining a high level of quality and integrity while presenting innovative ideas and solutions to address our clients’ most complex dealings. For more information, visit www.sealeassociates.com.
