Yara is acquiring the organic-based fertilizer business of Italy’s Agribios
13 12월 2023 - 4:33PM
Yara is acquiring the organic-based fertilizer business of Italy’s
Agribios
Oslo, 13 December 2023: Yara announced
today that it is acquiring the organic-based fertilizer business of
Agribios Italiana, the company’s second bolt-on acquisition
supporting its organic strategy in Europe. This signifies Yara’s
commitment to further expand its offering in this sector as a
complement to its mineral fertilizers to help promote regenerative
agriculture and improve soil health.
By combining Agribios’ expertise in high-quality organic-based
fertilizers in Italy with Yara’s scale and reach in Europe, we can
continue to meet the evolving needs of European farmers, regardless
of their farming method. The acquisition will also allow Yara to
continue to play its part in helping achieve the European Union
(EU) ambition of increasing EU farmland under organic farming.
“We are thrilled to welcome Agribios to the Yara family,” said
Mónica Andrés Enríquez, Executive Vice-President for Europe at
Yara. “Soil health is the foundation for resilient crop production
and sustainable farming. This acquisition reflects our commitment
to preserve and further improve soil health, helping grow a
nature-positive food future. By expanding our existing crop
nutrition portfolio in Italy, we can continue to support farmers in
making every nutrient count.”
Balanced crop nutrition, together with good agricultural
practices and digital tools, is crucial for the regeneration of our
soils. An analysis of more than a hundred long-term fertilizer
trials shows that fertilized land has a higher soil organic matter
content than unfertilized land. Using organic sources of nutrients,
in addition to mineral sources, results in the highest content of
soil organic matter. Therefore, this acquisition will enable Yara
to maximize the synergies between organic-based and mineral
fertilizers, which is integral to our regenerative agriculture
offering. Used in combination, organic and mineral nutrients
enhance soil health, improve resource use, increase nutrient use
efficiency, and boost crops’ resistance to climate change.
“We’re excited to join forces with Yara,” said Giovanni
Ravagnan, CEO of Agribios Italiana. “This is a pivotal moment for
Agribios as we bring our expertise in organic-based fertilizers to
the European stage. We eagerly anticipate embarking on this new
adventure, marking the beginning of another phase of development in
the year of our 50th anniversary. The new challenge ahead is to
support both organic and conventional farmers across Europe,
providing them with products that enhance the quality of their
crops and soils.”
Agribios has a broad portfolio of organic-based fertilizers
produced using animal and agricultural by-products, contributing to
the circular economy and reducing environmental impact. Its
products can be used in both organic and conventional farming. With
a volume of approximately 60,000 metric tons produced in 2022,
Agribios has a market share of around 10 percent of the
organic-based fertilizer market in Italy. By acquiring Agribios,
Yara will gain a strong foothold in Italy – the second largest
organic-based fertilizer market in Europe. Agribios' solid market
position combined with our strong commercial presence will allow
Yara to increase sales in the organic-based fertilizer market in
Italy and neighboring countries by around 30% within the next three
years.
Yara will also be able to offer Agribios’ products to customers
outside Italy thanks to its well-established sales and distribution
platform in Europe. In addition to Italy, Yara already sells
organic-based fertilizers in many European countries, including
France, Spain and Germany as well as in the Nordic and Baltic
regions. The organic fertilizer market in Europe, which is playing
a role in promoting sustainable agriculture and contributing to the
EU's strategic autonomy, is expected to grow at a compounded annual
growth rate (CAGR) of 11.53% from 2023 to 2030, according to global
market research firm Kings Research.
Yara acquired Ecolan, a Finnish producer of organic-based
fertilizers, in 2021. We will continue to explore ways to grow our
organic-based fertilizer business so we can provide farmers in
Europe with tailor-made solutions adapted to local conditions
because crops, raw material sources, and climate conditions vary by
country.
Media contactVibeke LarøiMobile: +47 942 85
337Email: vibeke.laroi@yara.com
About YaraYara grows knowledge to responsibly
feed the world and protect the planet. Supporting our vision of a
world without hunger and a planet respected, we pursue a strategy
of sustainable value growth, promoting climate-friendly crop
nutrition and zero-emission energy solutions. Yara’s ambition is
focused on growing a nature positive food future that creates value
for our customers, shareholders and society at large and delivers a
more sustainable food value chain.
To achieve our ambition, we have taken the lead in developing
digital farming tools for precision farming and work closely with
partners throughout the food value chain to improve the efficiency
and sustainability of food production. Through our focus on clean
ammonia production, we aim to enable the hydrogen economy, driving
a green transition of shipping, fertilizer production and other
energy intensive industries.
Founded in 1905 to solve the emerging famine in Europe, Yara has
established a unique position as the industry’s only global crop
nutrition company. We operate an integrated business model with
around 17,000 employees and operations in over 60 countries, with a
proven track record of strong returns. In 2022, Yara reported
revenues of USD 24 billion. www.yara.com
About AgribiosSince 1973 Agribios Italiana has
been developing and manufacturing organic and organo-mineral
fertilizers for organic and conventional farming, combining quality
and innovation with a solid vision of environmental respect and
sustainability. The company's organic-based fertilizer business
consists of 25 employees. In our factory, located in Canneto
sull’Oglio (Mantua), we manufacture products that are marketed both
in Italy and abroad. We carefully follow the supply chain, starting
from the selection and transformation of raw materials, all the way
through packaging and distribution. We have an established
entrepreneurial history that has led the company to become a
reliable and ambitious major player, which every farmer can count
on. We offer highly efficient solutions, the result of intensive
research and development. Our complete and regularly updated range
enhances the work of our customers, improving the performance of
agricultural activity with the utmost respect for quality,
resources and the environment.
- Yara agronomist and farmer
- Sharing agronomic insights
- Soil analysis in the field
- Mónica Andrés Enríquez
- Yara and Agribios
Yara International ASA (TG:IU2)
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Yara International ASA (TG:IU2)
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