J.M. Huber Corporation (Huber), a global, specialty engineered materials manufacturing company, has signed a binding agreement to acquire full control of the Biolchim Group from NB Renaissance, Chequers Capital and the Biolchim Group management team.
The Biolchim Group, managed and headed by Galileo Quattro SARL, has its main operating base in Italy and is a producer and distributor of specialty plant nutrition and biostimulants. Closing of the sale is anticipated to occur by the end of 2022.
All the companies in the Biolchim Group – including Biolchim S.p.A, Cifo, Ilsa S.p.A, Matécsa Kft, and West Coast Marine-Bio Processing Corp. – are within the scope of the purchase.
The Biolchim Group operates eight production plants globally and its products – biostimulants, trace elements, and water soluble, liquid and foliar fertilizers – are present in over 70 countries worldwide.
Biolchim Group will become part of Huber Engineered Materials (HEM), a company within the Huber portfolio of businesses, and be the foundation of the Huber AgroSolutions (HAS) business unit of HEM that currently includes Miller Chemical & Fertilizer (Miller), with its acquisition completed in April 2019.
“Huber AgroSolutions’ vision is to become a leading formulator of sustainable, high-performing agricultural products globally,” the company said when announcing the acquisition.
“I am excited and energized about this opportunity to combine two successful businesses, Miller and the Biolchim Group,” says David Riley, Senior Vice President and General Manager of Huber AgroSolutions.
Leonardo Valenti, CEO of the Biolchim Group since 2008, will continue to lead the Biolchim Group through the next phase of growth and the integration.
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