Apr 18, 2016Belchim Crop Protection to take stake in Engage Agro
Belchim Crop Protection is acquiring a significant minority stake in the Canadian company, Engage Agro. The agreement, which will take effect in May, was signed between Dirk Putteman, CEO of Belchim Crop Protection, and Ray Chyc of Engage Agro, along with a number of other shareholders.
Engage Agro, based in Guelph, Ontario, distributes products from a large range of international R&D-based companies. The company employs 40 people and is one of the largest independent crop protection distribution companies in Canada. The company said its primary focus is to develop, register and market crop protection and crop enhancement products for the Canadian market.
Belchim Crop Protection has strong market positions in EU28 countries, the company said. The company portfolio consists of crop protection products including specialties in European crops like potatoes, vines, vegetables and corn.
Engage Agro plans to run “business as usual” out of its office in Guelph, Ontario.