Yara is acquiring the organic-based fertilizer business of Agribios Italiana, the company’s second bolt-on acquisition supporting its organic strategy in Europe.
Yara stated that by combining Agribios’ expertise in high-quality organic-based fertilizers in Italy with Yara’s scale and reach in Europe, the company can continue to meet the evolving needs of European farmers, regardless of their farming method. Yara added the acquisition will also allow the company to continue to play its part in helping achieve the European Union (EU) ambition of increasing EU farmland under organic farming.
According to Mónica Andrés Enríquez, executive vice-president for Europe at Yara, soil health is the foundation for resilient crop production and sustainable farming. “This acquisition reflects our commitment to preserve and further improve soil health, helping grow a nature-positive food future,” she noted. “By expanding our existing crop nutrition portfolio in Italy, we can continue to support farmers in making every nutrient count.”
In a news release, Yara stated the acquisition will enable Yara to maximize the synergies between organic-based and mineral fertilizers, “which is integral to our regenerative agriculture offering. Used in combination, organic and mineral nutrients enhance soil health, improve resource use, increase nutrient use efficiency, and boost crops’ resistance to climate change.”
Agribios has a broad portfolio of organic-based fertilizers produced using animal and agricultural byproducts. Its products can be used in both organic and conventional farming. With a volume of approximately 60,000 metric tons produced in 2022, Agribios has a market share of around 10 percent of the organic-based fertilizer market in Italy.
Yara will also be able to offer Agribios’ products to customers outside Italy thanks to its well-established sales and distribution platform in Europe. In addition to Italy, Yara already sells organic-based fertilizers in many European countries, including France, Spain and Germany as well as in the Nordic and Baltic regions.