Agrochemicals Company Purchased in Costa Rica

The transnational UPL announced the acquisition of Industrias BioQuim Centroamericanas S.A., a company dedicated to the manufacture and commercialization of agrochemicals.

Thursday, July 11, 2019

This acquisition, which was made through UPL Costa Rica S.A., is the first made by the transnational UPL in the region.

You may be interested in "Agrochemicals: Imports up to September 2018

From the UPL statement:

San José, Costa Rica. The transnational UPL, a leading global company in agricultural solutions with sales in excess of US$ 5 billion and presence in more than 130 countries, makes its first acquisition of a company in Central America and it is Industrias BioQuim Centroamericanas S.A., based in Costa Rica. The purchase was made through UPL Costa Rica S.A.

More than 21 million dollars annually in sales at a Central American level is what Industrias BioQuim Centroamericanas S.A. currently generates.

Industrias BioQuim Centroamericanas S.A. is a Costa Rican company founded in 1987 that began its activities in the commercialization of synthetic amino acids for agricultural use.  Three years later, it built a formulation and packaging plant in the industrial zone of Cartago and dedicated itself to the manufacture of products for multinational companies. Subsequently, it created its own line of agricultural pesticides, with more than 80 active ingredients and 150 registered finished products that are marketed in Latin America through 400 phytosanitary registers in 16 countries in the region.

Read full statement (In Spanish).

More on this topic

Agrochemicals: Fewer Purchases in 2018

August 2019

During 2018, companies in Central American countries imported insecticides, herbicides and fungicides for $671 million, 3% less than they bought in 2017.

Figures from the Trade Intelligence Unit of CentralAmericaData: [GRAFICA caption="Click to interact with graphic"]

Agrochemicals: Market figures up to June 2018

November 2018

From January to June of this year, countries in the region imported insecticides, herbicides and fungicides for $343 million, 2% more than in the same period in 2017.

Figures from the information system of the Central American Insecticide, Herbicide and Fungicide Market, from the Trade Intelligence Area of CentralAmericaData: [GRAFICA caption="Click to interact with graphic"]

M&A in the Agrochemical Industry

September 2017

American Vanguard Corporation has announced the acquisition of Grupo Agricenter, dedicated to the production and commercialization of crop protection products in Central America.

From a  statement issued by Agricenter:

NEWPORT BEACH, Calif.--(BUSINESS WIRE)--American Vanguard Corporation (NYSE:AVD) announced today that its wholly owned subsidiary AMVAC Netherlands BV, will acquire Grupo Agricenter to reinforce its commercial, technical and development structure in the Latin-American region. AMVAC has been a key player in the Latin American agricultural sector for more than a decade and has become a leader in the nematicides segment for crops such as banana and pineapple. The acquisition of Grupo Agricenter, a well-established distributor of multiple crop protection products in seven Central American and Caribbean countries, will considerably expand AMVAC’s product and service offerings in the region.

Pipasa negotiating to buy Nicaraguan company for $24 million

June 2008

The Costa Rican company Pipasa, owned by Rica Foods, has signed a non-binding letter of intent to buy Industrias Avícolas Integradas S.A. (Indavinsa) of Nicaragua.

Indavinsa is a producer of poultry products and poultry feed concentrates. It has 17 farms and nine distribution centers.

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