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J.M. Huber to Acquire Italian Plant Nutrition and Biostimulants Producer Biolchim Group.

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MANews-(C)2009-2022

US-based specialty engineered materials manufacturing company J.M. Huber Corp has signed a binding agreement to acquire full control of the Biolchim Group from NB Renaissance, Chequers Capital and the Biolchim Group management team, the company said.

The Biolchim Group, managed and headed by Galileo Quattro SARL, has its main operating base in Italy and is a producer and distributor of a full range of specialty plant nutrition and biostimulants.

Closing of the sale, anticipated to occur by the end of 2022, is subject to customary closing conditions including the foreign direct investment approval in Italy.

All the companies in the Biolchim Group, including Biolchim S.p.A, Cifo, Ilsa S.p.A, MatÃ(c)csa Kft, and West Coast Marine-Bio Processing Corp, are within the scope of the purchase.

The Biolchim Group operates eight production plants globally and its products, including biostimulants, trace elements, and water soluble, liquid and foliar fertilizers, are...

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