Connect with:
Sunday / December 8. 2024
HomeInputsAgro chems – ChemicalsADAMA acquires the remaining stakes of Bio Stimulants Business in Chile

ADAMA acquires the remaining stakes of Bio Stimulants Business in Chile

ADAMA Chile produces leading bio-stimulant products in Latin America, including ExpertGrow

ADAMA Ltd, a leading crop protection company, announced that it has exercised its call option to acquire the remaining 40 per cent stake in ADAMA Chile, formerly known as Chile Agro. This is following ADAMA’s initial investment in Chile Agro in 2013, whereby the Company acquired 60 per cent of its equity.

ADAMA Chile specialises in the development, production and commercialisation of bio plant nutrition and agrochemical products in Chile, including ExpertGrow, a triple mode-of-action bio-stimulant for the increase of yield in a variety of fruits and vegetables as well as in soybeans. ExpertGrow is based on a unique fermentation process – developed by ADAMA – that improves the plant’s photosynthesis, thereby reducing abiotic stress and improving fruit/pod retention and plant growth.

ExpertGrow is sold across Latin America in Brazil, Columbia, Peru, Ecuador and Paraguay as well as in other key markets such as Italy, France, Spain, China and Thailand. In the coming years, it is expected to be rolled out to additional countries.

The global biological crop protection market is fast-growing and expected to reach $18.2 billion in 2026. Combined with formulation capabilities and additional leading biological products such as NUTRICHELATES and LIGHUP, ADAMA has a strong pipeline of solutions to deliver to the Latin American market in the coming years.

“Biologicals are an important segment of ADAMA’s developing sustainable portfolio,” said Carlos Danilowicz, Head of the Latin America Commercial Unit. “We see a growing interest from farmers in biological products, especially in fruit and vegetable crops that are grown for export, addressing consumer and regulatory environments. This further investment will increase our presence in this growing market.”  

No comments

leave a comment