New Products, New Acquisitions Driving Growth for SAPEC AGRO
SAPEC AGRO BUSINESS released its full-year results ending in June 2018 and posted sales of €250M, a sustained growth versus the previous year. SAPEC AGRO BUSINESS holds two business areas: Crop Protection and Crop Nutrition, mostly represented by ASCENZA (former SAPEC AGRO) (plant protection), TRADECORP (nutrients); IDAI Nature (biopesticides), and SDP (adjuvants).
In addition, the group has experimented a noticeable increase on the recurrent EBITDA contribution, which has reached €53M, a growth of more than 25% versus the previous year. This result is almost fully organic, as the recent acquisitions of the group arrived at the year end and are expected to promote substantially the group´s profitability for the future.
International markets, where the group has a strong presence, continue to provide increasing opportunities for both Crop Protection and specialty Crop Nutrition businesses, especially across Latin America, Eastern Europe, and Asia regions.
Eric van Innis, the group CEO, stated that “despite the difficulties, the year was one of the most extraordinary, achieving growth, strong profitability, highly innovative product launches, and new add-on and synergic acquisitions, which combined, provide the recipe for SAPEC AGRO BUSINESS sustainable growth as a global crop management reference player.”
CROP PROTECTION REBRANDING – ASCENZA
Last November, Crop Protection business communicated the rebranding of its main brand, SAPEC AGRO. ASCENZA, the new brand results from a new positioning and image. ASCENZA reflects business maturity of a company with more than 50 years and its now ready to become an off-patent leader in other markets.
A MILESTONE IN INNOVATION: IsliFe 8.2
These notable figures are the result of SAPEC AGRO BUSINESS investment in research, development, and innovation for several years. The group’s efforts in innovation have resulted in the launching of a large number of differentiated products, specifically adapted to the needs of the agricultural markets where the group is present, currently more than 70 countries globally.
Among others, the group launched in 2018 the first biodegradable 8,2% iron chelate stable under alkaline condition, IsliFe 8.2. This launching represents a major milestone in innovation since the new IsliFe 8.2 provides enhanced product effectiveness with full respect for the environment.
M&A IN SAPEC AGRO BUSINESS: IDAI NATURE AND SDP
With the objective of enhancing its global portfolio and strengthening its position in important markets, SAPEC AGRO BUSINESS recently completed the acquisition of two new companies, IDAI Nature, a unique Biocontrol company based in Spain which proposes residue-free bio-pesticides, and SDP, a company specialized in Adjuvants and Specialty nutrition, based in France, with worldwide presence.
The Group remains open to new acquisitions which may contribute to increase the product portfolio and solutions to its clients.
SAPEC AGRO BUSINESS’ NEW MODEL: WELL-BALANCED AGRICULTURE
Aimed at the growing need of maximizing the yield and quality of harvests, while implementing ever demanding health and environmental requirements, SAPEC AGRO BUSINESS proposes a new model: Well-Balanced Agriculture.
This new model offers an integrated crop management program that synergistically includes top quality agrochemical products, adjuvants, precision biostimulants, specialty nutritional products and natural biopesticides allowing a balanced use of agricultural inputs to optimize crop yields, while respecting the environment and human health.