“On March 26, 2012 Sumi Agro Europe entered into a
New Strategic Alliance in Europe with Sipcam S.p.A. (= Sipcam).
Here Sipcam has established a holding Company, Sipcam Europe S.p.A. for the purpose of marketing, distribution and development of agrochemicals, specialty fertilizers and seeds covering Italy, Spain, Portugal, Greece, UK and Benelux.
Sumi Agro Europe have acquired stakes in Sipcam Europe S.p.A. as strategic alliance partners.
Correspondingly Sumi Agro Europe has established a holding company, Sumi Agro Ltd covering its operations in France, Poland, Hungary, Czech Republic/Slovakia Republic, Romania, Bulgaria and Germany with minority stakes acquired by Sipcam.
This alliance, which started from the 2012 season, aims to create a common platform for the development, marketing and distribution of plant protection products to enhance those activities in their respective territory. And having the innovative strengths and unique multi-function expertise for the respective parties, the new Alliance will provide a significant boost in developing a stronger product portfolio, obtaining a range of molecules and reinforcing each company’s sales activities in the European market.”
On September 24, 2015 the capital alliance between Sumi Agro Europe and Sipcam was increased to 20% from the previous level of 10% mutual shareholding.