IHARA expands investments in Brazilian agribusiness

Date:05-17-2021

Julio Borges, chairman of the Board of Directors of IHARA, has announced the creation of Terra Agro Holding Ltda (TH), with the aim to participate and invest in new segments of agribusiness.

TH will have an independent management, which will support its invested companies in the management and governance of their operations. The CEO of TH will be Mario Tenerelli, a seasoned executive with broad experience on the agricultural market, with a background in companies such as DuPont, Corteva, and Pátria Agronegócios.

Initially, TH will participate in the growth potential of the Northeast region with investments in the expansion plans of Terra Soluções Agrícolas Ltda and of SC Tec Ltda. With the merger of their operations, two new companies and brands will be formed: Terra Soluções Agrícolas Ltda, focused on input distribution segment, and Campo Total Ltda, for the redistribution segment, respectively.

The transaction needs the Administrative Council for Economic Defense (CADE - Brazilian anti-trust agency) approval to become effective.