02 Nov Clairfield advises Japanese multinational Ajinomoto on acquisition of Spanish Agro2Agri
Ajinomoto Co, through its Belgian subsidiary Ajinomoto OmniChem N.V., acquired a majority stake in Agro2Agri S.L. , a Spanish agrochemical consortium specialized in the production and marketing of bio stimulants.
Ajinomoto OmniChem is the Belgian subsidiary of the Japanese multinational Ajinomoto Co. Ajinomoto Co is a global manufacturer of quality seasonings, processed foods, beverages, amino acids, pharmaceuticals and specialty chemicals. Ajinomoto OmniChem manufactures and sells pharmaceutical intermediates and APIs globally.
Agro2Agri is a Spanish agrochemical consortium previously owned by Grupo Dadelos, comprised of three subsidiaries: Dadelos Agrosolutions, AgriTecno Fertilizantes and Agrigentum. Ajinomoto OmniChem previously owned a 4.5% stake in all three subsidiaries and sought to acquire a majority stake in Agro2Agri by raising its stakes in the subsidiaries.
Ajinomoto OmniChem will expand its agro business by entering the rapidly growing bio stimulants market. Additionally, the European market proves a valuable fit as it represents 40% of the global market and is the fastest-growing region. Ajinomoto OmniChem will take advantage of the joint development of new products and customers, and will further establish its speciality division in the European agrochemicals market.