Mitsui & Co. Ltd. (Mitsui) has completed its acquisition of Belchim Crop Protection following the transfer of the remaining 32% of shares held by Belchim Management NV/SA. Mitsui’s holding in Belchim Crop Protection is 62%, alongside ISK and Mitsui Chemicals Agro.
Hidetoshi Nakamura, Managing Director of Mitsui AgriScience International stated, “Mitsui AgriScience group is pleased to have completed the acquisition of 62% shares in Belchim Crop Protection, as planned. With this new shareholding structure, we will further accelerate integration of BCP with Mitsui AgriScience group and enhance its value with the other group companies for all stakeholders”.
Mark Waltham, CEO of both Belchim Crop Protection and Mitsui’s European subsidiary Certis Europe commented;
“The completion of this deal allows Mitsui to focus on its objective to build a sustainable crop protection business in Europe. The process of collaboration between both Belchim Crop Protection and Certis Europe that started on completion of the first stage of the acquisition in April will now quicken as we work together to capture synergies and better meet the needs of our customers and suppliers”.