Feb. 21, 2023
Mitsui & Co. Ltd. (″Mitsui″) announced that it has reached agreement to acquire a share of C&B AGRI ENTERPRISES LIMITED (″CB-Agri″, office: Donegal Ireland, CEO: Barry Doherty), a leading Irish biostimulants manufacturing company. Through this partnership, Mitsui and CB-Agri will jointly enhance and boost the overall growth strategy of its biostimulant products.
CB-Agri is an Irish-based producer and distributor of biostimulant products made from natural seaweed and marine-derived amino-acid material. These products are highly competitive, organic and make an important contribution to farmers seeking to improve their crops in Europe, the Americas and Asia. Its C-Bio CPS product, made from 100% pure Ascophyllum Nodosum and manufactured using a unique cold extraction process, has demonstrated excellent efficacy under all climates on a wide range of crops.
Mitsui’s Nutrition & Agriculture Business Unit aims to provide comprehensive and sustainable solutions to farmers, including the provision of agricultural inputs and related services, that contribute to a safe and sufficient food supply. To accomplish this vision Mitsui has established a global network of businesses including Anagra; Equlibra; Adelnor; Certis Belchim; Certis Biologicals; Bharat Certis and Cosaco, who all provide solutions for sustainable crop management. Now the Business Unit seeks to implement a development strategy for the biostimulants sector, and this is the first investment to secure a procurement source that will enable us to offer competitive products, as well as comprehensive service, to valued customers.
Leveraging the extensive global network owned by Mitsui, including key distribution platforms and regional partners in Latin America, Europe, Asia and Africa, we can pursue our vision of bringing value to our customers.
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