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Sipcam Oxon acquires Grosafe Chemicals in New Zealand
Dec. 3, 2024
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Italy
Grosafe Chemicals Ltd
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NewZealandSipcam Oxon, a leading supplier of agricultural technology, announces the acquisition of Grosafe Chemicals Ltd in New Zealand. The value of the transaction was not disclosed. David MacGibbon, the new Chief Executive Officer of subsidiary Sipcam New Zealand, will lead the New Zealand operations.
"For nearly three decades, Grosafe has consistently provided high value-added solutions to New Zealand agriculture," explained President Nadia Gagliardini, adding "this strong alignment with our core values and commitment to innovation make this acquisition a natural fit."
Paolo Brogi, Chief Executive Officer of Sipcam Oxon SpA, added "this acquisition is a further step in our group's global expansion strategy. By strengthening our presence in the Asia-Pacific region, we aim to better serve our customers and explore new opportunities."
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