In 2019, agri-business attracted attention from global firms that announced investments and expansions to transform their business and increase their production capacity to meet customer demand. We feature below 5 prominent investment news from regions across the world:
1. BASF invests in Israeli AgTech startup Equinom
BASF Venture Capital GmbH investment’s in Equinom will help meet the growing demand for plant-based products used as ingredients, clean label packed goods, and healthier lifestyle cuisine. Equinom’s bioinformatics technology will enhance seed breeding, helping achieve new levels of efficiency. BASF Venture Capital GmbH (BVC) was founded in 2001 to invest in new companies and funds.
Other existing investors who joined this round of investments include Fortissimo Capital, an Israel based private equity fund that invests primarily in the technology, AgTech, & industrial sectors; and Roquette, a global leader in plant-based ingredients for food, and health markets and a pioneer in new vegetal proteins.
2. Sumitomo Chemical acquire four subsidiaries of Nufarm
World’s leading fertilizer manufacturer firm Sumitomo Chemical Company signed an agreement with Australia based Nufarm, a crop protection company, to acquire its four South American subsidiaries in Brazil, Argentina, Chile, and Colombia.
The crop protection market in South America is more extensive than North American or Chinese markets. In South America, Brazil is the world’s largest crop protection market, and Argentina is one of the region’s leading agricultural countries. The acquisitions of four subsidiaries would benefit to Sumitomo Chemical’s INDIFLIN, a novel fungicide active ingredient, discovered by the company.
3. Alamo Group acquired Morbark for $352 million
The world’s leading equipment manufacture Alamo Group agreed to acquire Morbark, LLC, for approximately $352 million. Morbark is a leading manufacturer of equipment and aftermarket parts for forestry, tree maintenance, and recycling markets. Morbark products include a broad range of tree chippers, grinders, flails, and debarkers along with stump grinders, mulchers, and brush cutters plus related aftermarket spare and wear parts.
Morbark products are sold at nearly 300 locations through a network of independent dealers. The company headquartered at Winn, Michigan, with its subsidiary operations in Wooster, Ohio, and Roxton Falls, Quebec. The company has more than 720 employees in different areas.
4. Raisio invests $51 million for the growth of healthy foods
Raisio, a Finland based healthy food company, invested $51 million in the production and manufacturing of plant-based added-value products. The new production facility will be built in Raisio City, Finland. It will increase Raisio’s production agility and the company’s production capacity. Raisio is an innovative, international brand, focusing on healthy food.
5. Canada’s Mastronardi builds greenhouses in the Middle East
Canada’s Mastronardi Produce, a leading grower and distributor of greenhouse produce, and John Paul DeJoria have selected the Middle East to develop the world’s largest indoor farming project. The greenhouse project will create a sustainable source of employment for locals, and significantly increase the region’s non-petroleum-based exports.
The Green International Ventures (GIVE), will make locally grown fresh produce more widely available around the globe. This will be the first project for the groundbreaking GIVE venture. GIVE will establish a permanent Research and Development facility in the region.