Adama acquires outstanding stake in Chilean biologicals business

摘要

Adama has exercised its call option to acquire the remaining 40 stake in its majority holding of Adama Chile. The company acquired a controlling stake in the legacy plant nutrition and abiotic stress protection company, ChileAgro (Santiago), in 2013. The Chilean business specialises in the development, production and commercialisation of biological plant nutrition and crop protection products in Chile. Adama's head of the Latin America commercial unit, Carlos Danilowicz, highlights the significance of biologicals in the company's product range. “We see a growing interest from farmers in biological products, especially in fruit and vegetable crops that are grown for export, addressing consumer and regulatory environments,” he says.