ROVENSA becomes global leader in BioSolutions through the integration of COSMOCEL
PR96216
MADRID, May 26, 2022 /PRNewswire=KYODO JBN/ --
- COSMOCEL is a leader in specialty biostimulants with a high value-added
portfolio and a consolidated commercial footprint in North America, Latin
America, Europe, Middle East, and South Africa.
- This strategic step transforms ROVENSA into global leader in BioSolutions for
sustainable agriculture, with the broadest and best-balanced portfolio of high
value bionutrition, biostimulant, biocontrol, bio-adjuvant, bio-soil enhancers,
and bio-plant performance products based on innovative technologies.
- COSMOCEL will continue to operate as an independent company, led by the
current management team, leveraging the capabilities of ROVENSA to accelerate
the platform's internationalization and portfolio development through
state-of-the-art innovation.
ROVENSA, a global leader of agricultural inputs for sustainable agriculture,
today announces that it has agreed to integrate COSMOCEL, a leading player in
specialty biostimulants and high-tech products for agriculture. The completion
of the integration is subject to approval by the anti-trust authorities.
Based in Monterrey, Mexico, COSMOCEL is a market-leading developer,
manufacturer, and distributor of specialty biostimulant solutions with over 60
years of experience. COSMOCEL's portfolio of over 100 products spans
biostimulants, biocontrol and adjuvants.
COSMOCEL has more than 700 employees, 3 state of the art manufacturing
facilities, 11 offices and 26 warehouses to serve its customers in more than 50
countries across North America, Latin America, Europe, Middle East and South
Africa. It has a strong and long-established market reach through commercial
teams and strategic partnerships, as well as a highly experienced R&D team.
This strategic integration positions ROVENSA as global leader in BioSolutions
for sustainable agriculture and it is squarely aligned with its strategy to
provide distributors and farmers with innovative solutions to increase land
productivity and output profitability, whilst enabling farming in a sustainable
and responsible way to protect and preserve the environment for future
generations.
COSMOCEL complements ROVENSA's geographical footprint, bringing exposure to new
geographies and enhanced access to strategic markets in the Americas. It also
brings sizeable and versatile production capabilities in Mexico, additional R&D
competences, and material product synergies. COSMOCEL and ROVENSA share a
similar business culture and go-to-market approach, a critical cornerstone to
achieve continued commercial growth and value creation in partnership with
distributors and farmers.
Eric van Innis, ROVENSA´s CEO stated: "We are thrilled to welcome COSMOCEL to
the group to strengthen our global presence as a reference provider of
well-balanced solutions for agriculture. This strategic integration highlights
our growth ambitions in the BioSolutions international market and our strong
commitment to sustainable agriculture. The high quality and complementary range
of biostimulants and bio-performance products of COSMOCEL, their culture, their
market approach, the quality and commitment of their people and management, and
their production capacities will give us a unique position to offer the best
nature-based solutions for our distributors and farmers, leveraging on our
global scale and capabilities. We are determined to have a strong impact in
sustainable agriculture that should be both productive and regenerative, in
harmony with nature, making crops more resilient to climate change, and
ultimately feed the world guarantying equity and health".
The Management of Cosmocel added: "We strongly believe that this integration
will be highly beneficial to COSMOCEL and everyone that belongs to the
organisation. Since the very beginning of our discussions, ROVENSA always
demonstrated a clear commitment and willingness to preserve our culture and
people, which will undoubtedly allow us to, together with other ROVENSA
businesses, keep on pursuing a path to contribute to a better and more
sustainable agriculture."
Rovensa was advised by J.P. Morgan, Uría Menéndez, Dunham Trimmer, PwC, Marsh
and ERM. Cosmocel was advised by Seale & Associates, Santamarina + Steta, EY,
and ERM.
The financial terms of the transaction are not disclosed.
About Rovensa
Rovensa is a global leader in bionutrition, biocontrol and crop protection
solutions for sustainable agriculture, helping farmers to produce safe, healthy
and nutritious food for all. Supporting our mission of contributing to feed the
planet, our more than 2,000 employees across over 30 countries, strive every
day to lead the change in food production systems through science-led
innovation in agriculture, aiming to preserve and enhance soil, environmental,
and human health.
With sales in over 80 countries worldwide, Rovensa offers a complementary
portfolio of environmentally friendly and innovative solutions for plant health
& care. From our more than 30 R&D Experimental Centers and Laboratories across
the world and with over 800 field support professionals, we are working closely
with farmers to help them producing more with fewer natural resources.
With the integration of Cosmocel, Rovensa´s revenues exceed EUR 650m.
For more information, go to www.rovensa.com.
Source: Rovensa
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