Chilean SQM To Buy Dutch Chemical Group

The world’s largest specialty fertilizer and inorganic industrial chemical producer, SQM, headquartered in Chile says it is to buy two subsidiaries of Dutch chemical group DSM. The acquisition of the companies, located in Chile and the Netherlands, will allow SQM to produce iodine and derivative products in Chile and distribute them abroad. It is not known how much the deal is worth. SQM recently bought a fertilizer manufacturer in UAE as part of its expansion plans.