Yuma, Ariz., based Gowan Group has announced its acquisition of Isagro—an Italian product development company with a focus in crop protection and biopesticides.
Isagro’s portfolio includes active ingredients, including copper hydroxide/oxychloride, tetraconazole and kiralaxyl.
Gowan already has a global footprint with sales in 70 countries of its crop protection products, seeds and fertilizers.
In the news release Juli Jessen, Chief Executive Officer of Gowan Group, said: “As a partner since 2013, Isagro has repeatedly impressed us. We look forward to expanding commercial opportunities, especially integrating the manufacturing and science depth at Isagro Group’s facilities. These additional competencies are instrumental in positioning Gowan as global agricultural practices evolve.”
Giorgio Basile, Chairman of Isagro, said: “The Transaction with Gowan will allow to value at their best the tangible and intangible assets developed by Isagro since its origins. The complementarity between Gowan and Isagro ensures the continuity of Isagro’s mission in the agro-pharmaceutical sector. Gowan is a historic partner of our Group and I am sure it represents a great chance also for the several and qualified human resources within our Group.”
The business transaction is expected to close by third quarter 2021.
