Tessenderlo Kerley, part of Tessenderlo Group, has reached agreement to acquire the potassium sulphate (SOP) production plant in Sweden previously owned by Cinis Fertilizer.

Cinis Fertilizer filed for bankruptcy in January of this year.

“The acquisition will be integrated within Tessenderlo Kerley International (operating segment Agro). The transaction is still subject to local regulatory approvals and is expected to close in the second quarter of 2026,” said the statement by Tessenderlo Group.

No details on the consideration was given in the statement.

“With this acquisition, we reinforce our growth ambitions and our commitment to sustainability. It expands our footprint, further diversifies our portfolio of production technologies, and strengthens our ability to serve customers globally with high-quality crop-nutrition solutions.” said Geert Gyselinck, Executive Vice President, Tessenderlo Kerley International.

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