JM Huber Corp. acquires the Biolchim group

JM Huber Corp., a global, family-owned specialty materials manufacturing company, has signed a binding agreement to acquire full control of the Biolchim Group from NB Renaissance, Checkers Capital and the Biolchim Group management team.

Managed and directed by Galileo Quattro SARL, the Biolchim Group, headquartered in Italy, is a leading manufacturer and distributor of a full range of specialty herbal foods and biostimulants. The completion of the sale, which is expected to occur by the end of 2022, is subject to customary closing conditions, including approval of foreign direct investment in Italy.

All Biolchim Group companies – including Biolchim SpA, Cifo, Ilsa SpA, Matécsa Kft and West Coast Marine-Bio Processing Corp. – are included with the purchase. The Biolchim Group operates eight production sites worldwide and its products – biostimulants, trace elements and water-soluble, liquid and foliar fertilizers – are present in more than 70 countries worldwide. The Biolchim Group has a 50-year history serving the agricultural industry.

Upon completion of the sale, the Biolchim Group will become part of Huber Engineered Materials (HEM), a company within Huber’s corporate portfolio. The Biolchim Group will be an important part of the strategic foundation of HEM’s Huber AgroSolutions (HAS) business unit, which currently includes Miller Chemical & Fertilizer (Miller).

Leonardo Valenti, CEO of Biolchim Group since 2008 and a pioneer in the plant nutrition industry, will remain committed to leading Biolchim Group through the next phase of growth and integration, leveraging the synergy potential of the strategic combination of both entities.

Huber AgroSolutions’ vision is to become a leading formulator of sustainable, high-performance agricultural products worldwide. The acquisition of the Biolchim Group, which has achieved impressive growth due to its wide range of biostimulants and specialty nutritional products, significantly advances this vision by bringing an innovative and entrepreneurial-minded workforce and culture to HAS. Together, the companies share a culture deeply committed to plant nutrition and the success of their many customers around the world.

The complementary sales presence of both companies will enable expanded customer and product access in important agricultural regions worldwide. In addition to the commitment to serve Biolchim Group’s existing customer base, HAS is also ideally positioned to sell Biolchim Group’s products through its strong relationships with US-based growers and its complementary distribution network in Latin America and select countries in Europe to advance the Middle East and Africa. Biolchim Group’s distribution channels are ideally suited to promote the sale of various Miller products through its strength in Europe and its global network of offices.

“I am very excited about this opportunity to bring together two successful businesses, Miller and the Biolchim Group,” said David Riley, senior vice president and general manager of Huber AgroSolutions. “I am also grateful to Mr. Valenti for his leadership and support as we take Biolchim Group and Miller into the next phase of growth.”

Leonardo Valenti, CEO of Biolchim Group, added: “The strategic combination of Biolchim Group and Huber AgroSolutions will be transformative as the companies have complementary commercial and product offerings, as well as industry-leading technology and research capabilities. We both strive to work together, share knowledge and build on each other’s skills. The agreement will open new growth aspirations and position us as a global leader in specialty nutrition. I look forward to the bright future of the company and I am grateful to NB Renaissance and Checkers Capital for the continuous support they have received over the past few years in the implementation of Biolchim Group’s value creation plan and key strategic decisions.”

“Miller and the Biolchim Group are creating a powerful combination of brands, people and specialty products that will bring tremendous value to our respective customers worldwide,” said Dan Krawczyk, President of HEM. “We are very pleased to welcome the Biolchim Group employees to Huber, given the similarities in our cultures, values ​​and goals. Together we will work to shape the future of the organization and build a leading global company in agribusiness.”

Gretchen McClain, President and CEO of JM Huber Corp. added, “This combination reinforces our commitment to providing innovative products and solutions to the global agriculture industry. Enabling food security for people around the world supports Huber’s overall sustainability commitment and sustainability strategy.”

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