Yara Suomi Oy (formerly Kemira GrowHow Oyj) is a fertilizer producer headquartered in Espoo, Finland.[1] Its products are sold in over 100 countries but it has market stronghold in Northern Europe. Most of the revenue (55%) comes from Western Europe, particularly from the UK and Ireland (18%).
Kemira Growhow was a division of Kemira, which was originally a fertilizer producer owned by state of Finland. Kemira's operations were started in 1920, and Kemira Growhow was separated from the rest of Kemira in 2004.[2] In 2004, Kemira Growhow had 2,700 employees, a revenue of 1,220.9 million euros, with profit 47.8 million euros.
On 24 May 2007, Yara International, a Norwegian rival, bought 30.05% of the company from the Finnish State and offered to buy the rest, valuing the company at 671.8 million euros.[3] After the EU approval, Yara completed the acquisition, and in March 2008, Kemira GrowHow became Yara's subsidiary Yara Suomi and started rebranding its products to Yara.
References
- ^ "Yara Suomi Oy". Kauppalehti (in Finnish). Retrieved 21 December 2023.
- ^ Iivonen, Jyrki (25 May 2007). "GrowHow ja Yara ovat nuoria pörssiyhtiötä". Helsingin Sanomat (in Finnish). Retrieved 21 December 2023.
- ^ "Norjalaisyhtiö ostaa Kemira GrowHow'n". Ilta-Sanomat (in Finnish). 24 May 2007. Retrieved 21 December 2023.
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