Israel Chemicals to buy Scott’s Global Pro

As reported in Globes: Israel Chemicals Ltd. is buying the Scotts’ Global Professional business from The Scotts Miracle-Gro Company (NYSE: SMG) for $270 million. Global Pro is a global provider of specialty fertilizers and horticultural and turf specialty products. Israel Chemicals will finance the acquisition from its own resources, and expects to close the deal during the first quarter of 2011.

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