Tradecorp Acquires Spain’s Idai Nature

Tradecorp announced it acquired Idai Nature, a leading Spanish producer of biopesticides, in a move to strengthen its biological portfolio.

Tradecorp – Trade Corporation International – operates in the ​​specialized nutrition sector and belongs to Portugal-based Sapec Agro Business Group, which was acquired by Bridgepoint in January 2017.

Idai Nature is currently present in 35 countries and has posted annual growth of more than 30% in recent years. The company’s consolidated revenues amount to 16 million euros.

In the company’s new structure, Tradecorp will continue its development in the area of the plant specialized nutrition, being already a world reference of quality and professionalism in the sector of micronutrients, biostimulants and other specialized products for the plant nutrition. Idai Nature, that will maintain its management team, will continue to develop the concept of “Zero Residue” through biopesticides and another solutions that allow the farmers to treat plants with other plants.

Through this acquisition, the group positions itself as the company best prepared to develop the agricultural concept of “Zero Residues” at a global level, being able to offer integrated solutions to producers and supermarkets free of chemical residues, Tradecorp said. The integrated solutions combine synergistically four techniques necessary to achieve the intended results: high quality and low toxicity plant protection products, precision biostimulants, specialized nutrition products and natural biopesticides harmless to the user, consumers, and the environment.

Eric van Innis, Global CEO of Agro Business, said: “We now have a shared goal: to make Idai Nature a world leader in “Zero Residues”. To achieve this, we will deploy all the Agro Business teams. Tradecorp is a prime example of how this can be done successfully. Its sales have increased by 60 times since our acquisition, and we have developed worldwide the concept of plant anti-stress; we also expect to see exponential growth at Idai Nature in the coming years.”

Carlos Ledó, the founder of Idai Nature, will remain at the company as CEO and Chairman of the Board. Ledó expressed his enthusiasm with the acquisition: “It is an important day for everyone: for our employees, who will now form part of a stable corporate structure with goals as ambition as our own; for the company, as it will continue to create jobs; and for me as an entrepreneur, as I will witness the company I created in 2009 expand its footprint around the globe”.

Sapec Agro Business is a pioneer in the agriculture sector with two business areas, Crop Protection and Crop Nutrition, structured primarily through Sapec Agro and Tradecorp, respectively. The Crop Protection area has a leading position in Southern European markets and is a benchmark in the Iberian region in the manufacture, distribution and sale of unique products formulations based on “off-patent” active ingredients homologated on the company’s behalf. The Crop Nutrition area is currently present in about 80 countries. Bolstered by a strong growth, the company’s revenues have increased in recent years from 110 million euros to 300 million euros.

Bridgepoint, which purchased the Group in January 2017, has over 25 years’ experience in the market, having led transactions valued at over 28 billion euros since 2000. Its main goal is to invest in companies with a strong position in their markets and with growth potential. By working directly with the management team of the acquired company, Bridgepoint helps to create value by expanding business and improving its operations.

Idai Nature advisors for the transaction were IFEDES and AKTION LEGAL PARTNERS. Sapec Agro Business was advised by ALTAMAR, PWC, URÍA MENÉNDEZ, ERM AND DUNHAM TRIMMER.

The value of the transaction was not disclosed.

Source: Tradecorp

Topics:

Leave a Reply

Biopesticides

Biopesticides

FaunaSmart, BioScience Solutions Form Innovative Collaboration in Crop Protection

FaunaSmart and BioScience Solutions have announced a cooperation within strategic business development and innovation strategies in crop protection. Harry Teicher,

Biopesticides

FMC, Chr. Hansen Extend Collaboration on Natural Crop Protection

FMC Corp. and Chr. Hansen have announced a five-year extension of their collaboration to develop and commercialize natural solutions for the agricultural industry.

Biopesticides

A (Surprisingly Long) Biopesticide Timeline

The application of biopesticides in plant protection is certainly not a new innovation. A few examples are presented in the

Biopesticides

Marrone Bio Innovations Names Hammill as Chief Commercial Officer

Most recently, Hammill was Chief Operating Officer at Pivot Bio, a startup company.

Corn-field
Biopesticides

Biopesticides: Assessing the Opportunities and Challenges in R&D, Formulation

Editor’s note: Dr. Harry Teicher, an independent Strategic R&D consultant with over 20-plus years of AgChem and BioScience R&D Management

Americas

STK, BASF in Deal to Expand Distribution in Brazil

STK will grant BASF exclusive rights to maket and sell the biological fungicide bactericide in the country.

pheromone-based-innovation-combats-tuta-absoluta-in-tomatoes
Africa/Middle East

Affinity in East Africa: Marrone Bio Innovations Finds Harmonious Partner in Kenya Biologics

Farmers in East Africa are set to benefit from a wide range of zero-residue biopesticides that will help to increase

Americas

Marrone Bio Innovations Enters Partnership with Israel’s Lidorr

Lidorr Chemicals Ltd., will develop and market three of MBI's products in Israel.

Crop-Field
Biopesticides

IPM and ICM: The Unique Opportunities and Challenges for Biopesticides

Integrated crop management (ICM) is a holistic approach to crop management, integrating agricultural and environmental management practices such as optimal

Biopesticides

Monsanto, AgriMetis Enter Global Licensing Agreement

The agreement includes an exclusive global license from AgriMetis to Monsanto for agricultural research in row, vegetable, and other crops for a three-year period.

Americas

ADAMA’s Nimitz Gets Regulatory Approval in Brazil

Global crop protection company ADAMA announced that it has successfully obtained regulatory approval for its proprietary nematicide, NIMITZ®, in Brazil.

Biopesticides

Brazil, China, France to Drive Rapid Biopesticide Growth

The use of biopesticides, primarily live microbial products, as seed treatments increased in almost every country surveyed.

Biopesticides

Stockton Rebrands, Changes Name to STK

Stockton, the innovative Israel – based leader in bio-ag technology for sustainable crop protection and aquaculture, has announed a company

Biopesticides

Agrolab, BioScience Solutions Form Cooperation Agreement for Biopesticides

Agrolab and BioScience Solutions have announced a cooperation regarding consultancy for development of biopesticides. Harry Teicher, owner and founder of

USA_EU_flags
Biopesticides

Biopesticide Regulation: A Comparison of EU and U.S. Approval Processes

Biopesticides (microbial pesticides, bio-derived chemicals, and plant-incorporated protectants) introduce unique and complex modes of action and may be used in

STK-Timorex-Gold
Asia

Stockton Group: Chinese Regulation Changes a Boon for Biopesticides

“It’s known that in China when the government decides something it happens fast,” says Guy Elitzur, CEO of Stockton Group, a

Biopesticides

Biological Fungicides: A Key Element in Farmers’ Toolboxes

One great challenge of modern agriculture is to find disease control mechanisms that are efficient alternatives to those of chemical

Biopesticides

Importance of Giving Biologicals a Head Start

Within past decade or so, the biological crop protection market has expanded at an unprecedented rate. The use of microorganisms

Pam Marrone
Biopesticides

Marrone Bio Innovations Forms Distribution Partnership in the Philippines

Marrone Bio Innovations, Inc. (MBI), a leading provider of bio-based pest management and plant health products for the agriculture, turf

Latest News

Agrichemicals

BASF Registers New Active in India, Australia

The company anticipates further registrations in the United States, Canada, Mexico, China, and Argentina.

Asia

Valagro Launches Fertilizer Line in China

Valagro, an Italian supplier of biostimulants and other specialty nutrients, said it launched its water-soluble fertilizers, Master Supreme, to the Chinese market.

Agrichemicals

As Agchem Complexity Grows, Specialists Take Off Some of the Heat

Chemical companies increasingly are using specialist suppliers to outsource the process development and production of complex new molecules.

Precision Ag

Indigo Touts ‘New Approach to Agricultural R&D’

Indigo Research Partners uses a network of more than 50 of the largest U.S. growers to gather over a trillion data points daily from sensors, drones, weather stations, and other technologies.

Genetics

Scientists Introduce Simpler, Faster CRISPR

Gene editing just got easier, thanks to an international team of researchers.