UbyAgro hopes to "strengthen its position in the plant nutrition and biological defense segments."
UbyAgro Group, a Brazilian multinational with brands such as Ubyfol and Vitales, announced the acquisition of Bauminas Agro, a company active in the plant and animal nutrition sectors, producing raw materials.
UbyAgro said the acquisition aims to increase revenue by expanding and diversifying its portfolio. Additionally, the Brazilian group intends to "strengthen its position in the plant nutrition and biological defense segments."
The acquisition includes the segment of sulfate micronutrients, such as zinc and manganese, which are widely used in Brazilian agriculture.
With a consolidated revenue expectation of BRL1 billion this year, UbyAgro Group anticipates annual growth above 20% in the 2024-2028 cycle. The operation is contingent upon, among other things, submission and approval by the Brazilian Administrative Council for Economic Defense (CADE).
"The inclusion of Bauminas Agro into the Group will support the construction of a portfolio that caters to a new profile, targeting both large accounts—such as soybean, corn, and sugarcane—and the B2B market, serving the plant and animal nutrition industry, as well as the needs of input distribution for private label products, enabling new access to foliar and soil lines,"
the company stated.
In this market, UbyAgro Group also aims to operate in the trading of micronutrient raw materials in Brazil.
Source: Agro Pages
