Talca, april 30th, 2024.- With the aim of accelerating its global expansion, the Chilean company Bio Insumos Nativa has agreed to sell a portion of its shares to Summit Agro South America, dedicated to the development, distribution, and sale of agricultural products in South America, which is subsidiary of a Japanese conglomerate Sumitomo Corporation. This investment will be completed once the various required procedures are finalized.
Sumitomo Corporation Group is one of the Japanese largest companies, with a global presence in various business areas, having over 40 years of experience in the sale and distribution of agrochemicals, fertilizers, and agricultural inputs in 40 countries.
This investment will allow Sumitomo Corporation Group to expand its product portfolio and establish the entire value chain of the agricultural bio-inputs market. Meanwhile, Bio Insumos Nativa will benefit from access to new distribution channels and the expansion of its sales into new markets of interest.
“This partnership will enable our company to accelerate the expansion process into major global markets. We are thrilled to welcome Sumitomo Corporation and its subsidiary, Summit Agro South America as our new partner, and together we will achieve significant milestones for the development of our businesses,” said Bio Insumos Nativa CEO, Paulo Escobar. The CEO emphasized that this alliance will be fundamental in leveraging the experience and distribution channels of Sumitomo Corporation Group and its subsidiary Summit Agro South America, expanding the brand’s presence worldwide.
Bio Insumos Nativa is a leading company in the national agricultural market dedicated to the development and research, production, and sale of biological products (biopesticides, biostimulants, among others), with a presence in 11 countries. The company seeks to provide solutions to crop phytosanitary problems in Chile and worldwide, contributing to the production of healthy foods that are free of synthetic pesticides. Its commitment to quality, efficiency, and sustainability in the agricultural sector has been highlighted since its founding in 2002.
