MAI Moves into Chilean Market with ChileAgro Deal

Posted by |14 May 2013

Makhteshim Agan acquired a majority stake in ChileAgro Solutions (ChileAgro), a Chilean plant nutrition and abiotic stress relief solutions company, expanding MAI’s marketing and distribution platform to the Chilean agrochemicals market.

Established in 1998, privately held ChileAgro is centered on the development, marketing and distribution of plant nutrition products and agricultural biostimulants, with a focus on providing solutions to fruit producers. “This concentration will allow MAI to further improve and expand its activities in Chile through emphasis on the customer and portfolio differentiation,” the company said.

Shaul Friedland, CEO of MAI’s Americas region said, “We welcome ChileAgro to MAI and are excited to have their experienced and highly skilled team be a part of the Group. Their excellent positioning within the Chilean market will add greatly to our long-term growth in South America. ChileAgro is well known in Chile for its close relationships with its customers and its professionalism, with a comprehensive knowledge of the domestic market.”

Rodrigo Saavedra, co-founder and CEO of ChileAgro Solutions commented, “This transaction gives us access to MAI’s extensive product portfolio which will in turn allow us to provide even more comprehensive and innovative solutions to our customers. We are excited about this new partnership and are confident that it will position ChileAgro as a market leader in Chile, leading to significant growth in the long-term.”