Syngenta Group acquires biologicals company Valagro
The investment positions Syngenta Crop Protection as one of the key global companies poised to shape the biologicals market that is set to double in size over the next five years, say Syngenta Group officials. Valagro will continue to operate as an independent brand in the market within the Syngenta Crop Protection business. The parties did not disclose financial terms.
Valagro is a market-leading producer of innovative biologicals, with a 10% compound annual growth rate (CAGR) from 2009 to 2019 and an approximate revenue of $175 million in 2019. The company has excelled by harnessing the power of nature to provide innovative and effective solutions for plant nutrition and care, say Syngenta Group officials.
With 40 years of experience, it offers its customers a comprehensive crop portfolio in biologicals with a market-leading position in biostimulants and specialty nutrients, say Syngenta Group officials.
Headquartered in Atessa, Italy, Valagro serves customers around the world with a strong presence in Europe and North America, as well as a growing footprint in Asia, including China and Latin America. Valagro has over 700 employees, 13 subsidiaries, and eight production sites around the world, with a portfolio backed by best-in-class biological research and development, production, and commercialization capabilities.
This strategic acquisition enables Syngenta Crop Protection to build a world-leading biologicals business, say Syngenta Group officials. Valagro has a strong commercial and production standing, as well as an industry-leading technology and research capacity, say Syngenta Group officials.
Valagro’s well-established portfolio in biostimulants and specialty nutrients will complement both Syngenta Crop Protection’s current range of biostimulants and biocontrols, as well as its future pipeline of biological solution, say Syngenta Group officials. Biocontrols and biostimulants, natural solutions for pest, disease control, and crop improvement are increasingly important for farmers worldwide in their efforts for sustainable agricultural production, say Syngenta Group officials. This acquisition is fully in line with Syngenta Crop Protection’s strategy to provide growers with additional complementary choices of products and technologies. This will enable farmers to effectively and sustainably care for their crops by managing resistance, enhancing soil health, reducing residues in crops, and addressing consumer demands, say Syngenta Group officials.
“We are looking forward to welcoming the Valagro team to Syngenta Group,” said Erik Fyrwald, CEO of Syngenta Group, in a Syngenta Group news release. “This acquisition underlines our growth ambitions in this area and positions us as one of the strongest players in the global biologicals market. The investment also forms part of our $2 billion commitment to help farmers address the effects of climate change and improve agricultural sustainability as part of our Good Growth Plan.”
“For 40 years our mission at Valagro has been to harness nature in order to help farmers achieve higher yields and grow better quality crops,” said Giuseppe Natale, CEO of Valagro, in a Syngenta Group news release. “This agreement will open up new, previously unimaginable growth prospects for the Valagro group worldwide. Now that we are part of a company with the resources and ambition of Syngenta Crop Protection, we have exciting new opportunities for our innovation to better deliver even more options for farmers and to invest even more effectively in the sustainable future of agriculture.”
“Significant levels of investment in innovations such as biologicals are necessary in order to deliver a sustainable future and help farmers deliver a food system working in harmony with nature,” said Jon Parr, Syngenta Global Crop Protection president, in a Syngenta Group news release. “Syngenta Crop Protection and Valagro have a foundation in science-based innovation and are eager to collaborate, share knowledge, and build on each other’s capabilities. By fostering the entrepreneurial spirit and culture of Valagro, powered by our global scale and capability, together we will shape the future of the agricultural biologicals market.”