Belgian company Belchim Crop Protection will acquire the American agrochemical company Engage Agro USA, based in Prescott, Ariz. The transaction is expected to close soon. Terms of the deal were not disclosed.
In December, Belchim obtained a majority stake—60 percent—in Engage Agro, based in Guelph, Ontario. The move established a direct presence for Belchim in the North American crop protection market. The buyout of Engage Agro USA provides a ready-made platform to expand access to U.S. markets for Belchim’s agrochemical and bio-based product portfolio, the company said.
“These are exciting times: our innovative portfolio of crop protection products in important crops like potatoes, vines, vegetables and corn is expanding globally,” said Dirk Putteman, CEO of Belchim Crop Protection. “We already have strong market positions in EU28 countries. And now we are expanding our market access in North America which gives Belchim a potential for further growth.”
With the purchase of Engage Agro USA, Belchim Crop Protection will gain a specialty crop protection and nutritional products company. Engage Agro USA works with all key distributors across major row and specialty crops, in addition to turf and ornamental segments.
“I’m looking forward to new products to add to the already exciting portfolio of Engage Ago USA,” said Steve Stansell, U.S. manager. “I can guarantee that the synergy of both our teams, as we will be part of the Belchim group, will further enhance the successful track record of Belchim.”
