French SFP Joins ADAMA to Strengthen PGR and Fungicide Presence in Europe
SFP, based in Aix en Provence, France and in Sion, Switzerland, was founded in 1987 and has developed strong, focused positions in key products in Europe, most notably in the plant growth regulator and fungicide segments. Plant growth regulators influence the development of crops, harmonizing their growth and preparing them for harvest. Such products are highly valued by farmers and widely used in agriculture and gardening, constituting a $375 million market in Europe.
SFP’s products are highly complementary to ADAMA’s European portfolio, and with ADAMA’s strong commercial network throughout the continent, are poised to drive significant growth for the Company going forward. In addition, certain active ingredients in SFP’s products are also manufactured by ADAMA, providing the potential to benefit from the competitive cost, quality assurance and traceability provided by backward integration.