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Valagro completes the acquisition of Sri Biotech Laboratories India Limited
Nov. 12, 2015
Valagro S.p.A.
ItalyFollow
Italy
Valagro, recently announced that it has completed the acquisition of the company Sri Biotech Laboratories India Limited. SriBio is an Indian company nationally recognised for its work in developing alternative organic and eco-sustainable solutions for plant nutrition and protection against disease and insect pest attacks on farming crops.
The acquisition of SriBio confirms the financial strength of the Valagro Group and its desire to continue in the path of growth and internationalisation with the aim of taking a leading role in the major growth trends in world agricultural production and to always meet its clients’ needs best, in line with its business strategy that puts customers at the centre of all activity.
Established in 1994, SriBio develops eco-friendly solutions to address the major pests/diseases affecting farmers in the Indian sub-continent through intensive research and development and multiple collaboration initiatives at national and international level. The company is engaged in the research areas related to the improvement, nutrition and crop protection, and through two manufacturing facilities, serves more than 10 million farmers in 13 Indian states. In addition, Sri Biotech is the first company to register bio control products with the Central Insecticides Board and offers twenty products with organic certification issued by APEDA via the Vedic organic certification Agency.
The acquisition of SriBio is, to date, the largest transaction completed by Valagro and one of the most significant investments in 2015 by an Italian company in India.
Source: valagro
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