Gowan and Isagro Form Partnership
12 August 2013 Gowan Group and Isagro S.p.A. announced a partnership in which the Arizona-based Gowan will distribute Italy-based Isagro’s products.
The partnership is backed by an investment by Gowan in a new company which will own a majority of Isagro shares. There is no change in control in Isagro; this continues with Piemme S.r.L., the companies said.
In the short and medium term, Gowan USA and Gowan Italia will assume distribution for some of Isagro’s proprietary products. “The two partners participate equally in a business steering committee to identify business opportunities and consequent synergies for both companies. A number of active ingredients and technology collaboration are on the agenda now,” the companies said.
Giorgio Basile, Isagro CEO, commented, “This agreement reinforces and projects in the long term Isagro’s industrial projects, also thanks to a strengthening in its financial structure.”
Juli Jessen, Gowan Group CEO, said, “The alliance joins Isagro’s highly productive research with Gowan’s muddy boots and market-facing cachet. One party comes from scientific creativity in the lab. The other started in the field and grew upstream. A deep partnership will bring the best in deep communication between these perspectives. Together we expect to bring new products and value to agriculture.”
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