Syngenta acquires Italian organics specialist Valagro
The Syngenta Group has purchased the Italian organics firm Valagro. According to a press release from the group, the deal “positions Syngenta Crop Protection as one of the main global companies prepared to consolidate the market for organic products, which is expected to double in the next five years. Valagro is the market leader in the production of innovative organic products, with a compound annual growth rate of around 10% between 2009 and 2019 and revenue of around US$175 million in 2019”.
Erik Fyrwald, CEO of the Syngenta Group, said, “This acquisition highlights our growth ambitions in this area and positions us as one of the main players in the global market for organic products. This investment is also part of our commitment to invest two billion dollars to help farmers face the effects of climate change and improve agricultural sustainability under our Good Growth Plan, Sustainable Agriculture Plan.”
Giuseppe Natale, CEO of Valagro, said, “For 40 years, our mission at Valagro has been to work with nature to help farmers achieve greater productivity and better quality crops. This agreement will open up new growth prospects for the Valagro group worldwide, previously unimaginable. Now that we are part of a company with the resources and ambition of Syngenta Crop Protection, we have new opportunities to innovate and provide even more alternatives to farmers and invest even more effectively in the sustainable future of agriculture.
Valagro, headquartered in Atessa, Italy, will continue to operate as an independent brand, albeit as part of the Syngenta Crop Protection business. Valagro has a solid productive and commercial base, with leading research and technology capacity in the sector. It has 700 employees, 13 branches and eight production units worldwide, with a strong presence in Europe and North America, as well as a growing presence in Asia, including China, and Latin America.
The acquisition could enable Syngenta Crop Protection to become a world leader in organic products. Valagro’s consolidated portfolio of biostimulants and specialised nutrients will complement the current range of biostimulants and biological control solutions offered by Syngenta Crop Protection.