S.c.a.m. S.p.A. acquires organic and special fertiliser provider Choncimer Srl

S.c.a.m. S.p.A., a leading company that produces and markets Organo-Mineral fertilisers, has acquired Choncimer Srl, a company specialising in organic and special fertilisers for plant nutrition.

S.c.a.m. S.p.A. has successfully concluded an important extraordinary transaction that will allow it to strengthen its position in a rapidly growing segment, namely, that of organic fertilisers and products for organic farming.

Through this agreement, which was signed a few days ago, S.c.a.m. S.p.A. will acquire 100% of Choncimer Srl. Established in 1969, the company produces organic and special fertilisers at its production facility in San Severino Marche, and its line of nutritional products is marketed in Italy through its own sales network.

Choncimer Srl was seen as an interesting acquisition that could match the growth ambitions of S.c.a.m. S.p.A., also for completing the integration process in the organic fertiliser segment, complementing the product range offered by S.c.a.m. S.p.A, a market leader in Organo-Mineral products that has set itself challenging growth targets both in Italy and abroad in the field of special nutrition.

Felice Lo Faso, Chief Executive Officer of S.c.a.m. S.p.A., was very pleased with this major step taken by the company in its path towards modernising and relaunching its industrial and commercial operations, a journey that began in 2016. After making several substantial investments aimed at modernising the production lines at its plant in Modena, expanding into new foreign markets, developing and registering new special nutrition formulations, and reorganising internal and external resources, it was high time for S.c.a.m. S.p.A. to fill a gap in its offering for integrated nutrition. Consequently, this acquisition complements its product range with a product that was previously missing: organic fertiliser.

Felice Lo Faso also added that post-acquisition operations will be carried out by S.c.a.m. S.p.A. in order to ensure business continuity. 

Giovanbattista Chieti, Sole Administrator of Choncimer Srl, expressed his enthusiasm for this transaction, which secures a bright future for his company after 40 years in business marked by achievements and continuous growth. Choncimer Srl believes that S.c.a.m. S.p.A. has the synergies required to continue its journey of growth, which, nowadays, partly due to the increasingly stringent EU regulations and rapidly changing market, calls for additional efforts to be made in terms of investments and human resources. Mr Chieti also said that he will make sure that S.c.a.m. S.p.A. will have a smooth transition in order to ensure continuity, as demanded by the new management.