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