Announced
Completed
Financials
Tags
South Africa
Majority
Acquisition
Cross Border
Private
Friendly
Fertilizers
agrochemical products
Single Bidder
Completed
Synopsis
Rovensa-backed Trade International, a distributor of fertilizers, pesticides, fungicide, herbicide, fumigants, bionutrients and humic acid, completed the acquisition of Oro Agri, a manufacturer of agrochemical products, from Omnia international, which develops, manufactures, and distributes chemical products, for c.$165m. "We are particularly excited about Rovensa's organic and bio-rational portfolio. It opens up great opportunities for the Oro Agri business. And, as we move forward, the commitment Rovensa has made to be a leader in this increasingly important market segment means Oro Agri will be able to offer our customers the cutting edge in bio-pesticide crop protection. For Rovensa and its related businesses, we can offer a turn-key sales and marketing team in important markets like North America, where it does not currently have a significant presence," Erroll Pullen, Oro Agri CEO.
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