Mar 8, 2021Gowan to acquire Italian crop protection firm Isagro
Gowan announced March 7 that it has entered into a binding agreement to purchase all shares of Piemme S.r.l from Giorgio Basile and the other shareholders.
Piemme S.r.l is the controlling shareholder of Isagro S.p.A. The transaction is the first step in the purchase by Gowan of all shares of Isagro S.p.A, the owner of active ingredients copper hydroxide/oxychloride, tetraconazole and kiralaxyl globally. Isagro is known for research and development efforts in the crop protection and biopesticide industries.
Gowan, headquartered in Yuma, Arizona, operates globally in the agricultural solutions business and is specialized in developing, marketing, and processing agricultural inputs such as crop protection products, seeds and fertilizers.
Juli Jessen, CEO, Gowan Group, said: “As a partner since 2013, Isagro has repeatedly impressed us. We look forward to expanding commercial opportunities, especially integrating the manufacturing and science depth at Isagro Group’s facilities. These additional competencies are instrumental in positioning Gowan as global agricultural practices evolve.”
Giorgio Basile, Chairman of Isagro, said: “The Transaction with Gowan will allow to value at their best the tangible and intangible assets developed by Isagro since its origins. The complementarity between Gowan and Isagro ensures the continuity of Isagro’s mission in the agro-pharmaceutical sector. Gowan is a historic partner of our Group and I am sure it represents a great chance also for the several and qualified human resources within our group.”