Rovensa Acquires U.S. Biostimulant Company Agro-K
Rovensa Group, a global leader of agricultural inputs for sustainable agriculture, announces the acquisition of Agro-K, a leading family-owned biostimulants developer in the U.S. Agro-K will be integrated over time into Rovensa Next, the business unit dedicated to biosolutions for agriculture.
Established in 1976 in Minneapolis, Agro-K has been at the forefront of sustainable agriculture through science-based development of an extensive portfolio of biostimulants and specialty nutrition products. The acquisition solidifies Rovensa Next’s foothold in the U.S., a key strategic growth market, and it brings a high-quality portfolio of complementary solutions and a technical sales team fully dedicated to biostimulation. As the largest biosolutions market globally and the fastest growing biostimulants region, the U.S. plays a crucial role in Rovensa Next’s ambitious expansion strategy.
Javier Calleja, Rovensa´s CEO, stated: “We are extremely pleased to welcome Agro-K into Rovensa. This acquisition is an important strategic step towards achieving our ambition of becoming the leading biosolutions player in the United States, marketing a full spectrum of solutions nationwide. Both businesses are highly complementary and share a common go-to-market approach, the vision of an increasingly sustainable agriculture and the concern for people and society at large, which will contribute towards a swift integration and a successful joint value creation journey.”
Chapman Mayo, Agro-K’s President, added: “We are very excited about the possibilities that an integration with Rovensa brings to the U.S. marketplace. We strongly believe that the new products, technologies, R&D capabilities, and the global expertise that Rovensa brings will allow Agro-K to better service its customer base and ensure that Agro-K consolidates its position in the biosolutions arena.”
Rovensa was advised by Current Capital Partners, Honigman LLP, Uria Menendez, PwC, Context Network, Bracewell LLP and ERM.
Agro-K was advised by B&A Corporate Advisors and Stinson LLP.
The financial terms of the transaction are not disclosed.
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