PR98578

FAIRFIELD, Iowa and ST JULIEN EN GENEVOIS, France, Nov. 7, 2022 /PRNewswire-AsiaNet/ --

FoodChain ID (

https://c212.net/c/link/?t=0&l=en&o=3693990-1&h=105224627&u=https%3A%2F%2Fwww.foodchainid.com%2F&a=FoodChain+ID

), a leading provider of technology-enabled food safety, quality, and

sustainability solutions, has acquired Lexagri International (

https://c212.net/c/link/?t=0&l=en&o=3693990-1&h=2675751634&u=https%3A%2F%2Fwww.lexagri.com%2F&a=Lexagri+International

), a leader in the AgTech industry focused on verifying, harmonizing,

structuring, and distributing global agricultural data. FoodChain ID is a

portfolio company of Berkshire Partners.

"Lexagri's services are focused on data enhancement, and their data

harmonization processes transform raw, untreated agricultural data into

standardized, validated, and accessible data sets. This expands FoodChain ID's

scope of regulatory and compliance content into crop protection and brand

registration data, allowing us to serve our food customers even more

effectively and to strengthen our reputation as a trusted source of

data-driven, actionable insights from farm to fork," explains Brad Riemenapp,

Chief Executive Officer of FoodChain ID.

Lexagri's services enhance the performance, quality, safety, and traceability

of agricultural production. Homologa(R) is the largest pesticide database in

the market with over 33 million entries including Good Agricultural Practices

(GAP) data, logistics data and Maximum Residue Levels (MRLs). The company's

mobile app PhytoScan(R) leverages an integrated label scanner for on-farm use

that provides immediate access to up-to-date product regulatory and safety

information to ensure proper use, ensuring compliance at the farm level

ensuring the production of safe foods.

Other products include Basagri and Phytodata, which are reference data sources

for crop protection information in France that compare and contrast registered

and certified data, and Agrowin, a service package for top tier chemical

companies allowing them to analyze crop protection and seed market data

providing access to harmonized and consolidated global agricultural market data.

"Lexagri's aim has always been, and continues to be, to become the global

harmonized reference provider of regulatory crop protection data for the

industry, digital farming, and the food chain. As part of WEKA Group and with

the support of its shareholder, Lexagri was able to pursue this goal and to

grow the business over the past years. The upcoming integration of Lexagri with

FoodChain ID will be another step in this direction. We will be able to enhance

the link between "farm and fork" through an easier data flow and more

transparency." notes Fritz Schuster, Chief Executive Officer of Lexagri.

Hennepin Partners LLC served as financial advisor, RSM France served as

accounting advisor, Gide Loyrette Nouel A.A.R.P.I. served as legal advisor in

France and Paul, Weiss, Rifkind, Wharton & Garrison LLP served as legal advisor

in the US to FoodChain ID. Carlsquare GmbH served as financial advisor and

Astura served as legal advisor to Lexagri.

About Lexagri

A leader in the AgTech industry, Lexagri is committed to making global

agricultural data accessible. Working closely with expert collaborators located

in major markets worldwide enables them access to the latest and most

up-to-date data, providing clients quick access to scalable data in a

harmonized structure. To learn more about their solutions and services, please

visit www.lexagri.com . Previously, Lexagri was a subsidiary of WEKA Group GmbH,

a portfolio company of Paragon Partners GmbH.

About FoodChain ID

Over 30,000 companies across the global supply chain rely on FoodChain ID as

their trusted partner to navigate the increasingly regulated food economy with

greater transparency, safety, and sustainability. By providing clients with

technology-enabled solutions supported by the industry's most comprehensive

data and knowledgeable experts, FoodChain ID is an essential source of timely,

accurate information and expertise. Services include the company's innovative

regulatory compliance and product development applications, as well as testing,

food safety, and product certification solutions. Visit www.foodchainid.com for

more information.

About Berkshire Partners

Berkshire Partners, a Boston-based firm, has 35 years of investment history.

Berkshire Private Equity has made more than 135 private equity investments

since its inception and has a strong history of partnering with management

teams to grow the companies in which it invests. Stockbridge, the firm's public

equity business, was founded in 2007 and seeks to make public equity

investments in high-quality companies with strong competitive positions and

long-term growth prospects. The firm invests in business services & technology,

communications, consumer, healthcare, and industrials companies. For additional

information, and to see a full list of the firm's private equity investments,

visit www.berkshirepartners.com .

About WEKA Group

WEKA Group is a diversified group of media companies and a leading provider of

specialist information and advanced education with 20 companies across GSA and

France. WEKA Group's media-neutral content is offered in all common formats and

reaches highly diversified niche markets across all industries. WEKA Group is

headquartered in Kissing, Germany, and employs approximately 1,200 employees.

SOURCE: FoodChain ID Inc

CONTACT: FoodChain ID, Kaara Pallop, +44 (0)7857 214071,

kaara.pallop@foodchainid.com; Lexagri, Fritz Schuster, +33 (0)4503 50719,

fritz.schuster@lexagri.com