J.M. Huber Corporation, a specialty engineered materials manufacturing company, has signed an agreement to acquire the Biolchim Group from NB Renaissance, Chequers Capital and the Biolchim Group management team. The Biolchim Group has its main operating base in Italy and is a leading producer and distributor of a full range of specialty plant nutrition and biostimulants.
The Biolchim Group operates eight production plants globally and its products – biostimulants, trace elements, and water soluble, liquid and foliar fertilizers — are present in over 70 countries worldwide. The Biolchim Group has a rich 50-year history of serving the agricultural industry.
Upon close of the sale, the Biolchim Group will become part of Huber Engineered Materials (HEM), a company within the Huber portfolio of businesses. The Biolchim Group will be a key part of the strategic foundation of the Huber AgroSolutions (HAS) business unit of HEM that currently includes Miller Chemical & Fertilizer (Miller).
Leonardo Valenti, CEO of the Biolchim Group since 2008 and a pioneer in the plant nutrition industry, will remain committed to lead the Biolchim Group through the next phase of growth and the integration. “The strategic combination of the Biolchim Group and Huber AgroSolutions will be transformative since the companies have complementary commercial and product offerings, as well as industry-leading technologies and research capacities,” said Valenti.
Huber AgroSolutions’ vision is to become a leading formulator of sustainable, high-performing agricultural products globally. The acquisition of the Biolchim Group, which has achieved impressive growth due to its broad offering of biostimulant and specialty nutritional products, significantly advances this vision by bringing an innovative and entrepreneurial workforce and culture to HAS.
The sale is expected to close by the end of 2022 pending all customary closing conditions and approvals.