ADAMA Ltd, a leading global crop protection company, today announced the acquisition of AgriNova New Zealand, Ltd – known as Grochem New Zealand. Grochem is a company that develops, manufactures and sells crop protection products, plant growth regulators, biosolutions and plant nutritional's primarily in the horticulture segment. This acquisition will enable ADAMA to grow its product portfolio in the New Zealand market and pave its expansion into the complementary segments of biologicals, plant nutrition and Plant Growth Regulators (PGR).
Grochem's product portfolio targets the horticulture market, complementing ADAMA's focus in New Zealand on row crops and fodder markets, and opening up a new, important market segment for ADAMA. Grochem's expertise in biologicals plant nutrition and PGR is in line with ADAMA's aim to increase its activities in the emerging market of biological products, increasing its offering that supports sustainable food production.
Darrin Hines, CEO of ADAMA Australia & New Zealand, said, "We are delighted to bring Grochem into the ADAMA family. Grochem's position in New Zealand, with its exceptional products and strong brand, will bolster ADAMA's long-term growth there and globally. Grochem's close relationships with local growers and distribution partners along with its effective portfolio of biologicals, aligns harmoniously with ADAMA's global strategy."
George McHardy at Grochem, said, "Joining forces with ADAMA gives us a larger global reach and allows our products to reach a wider audience. We are excited to become part of a company with the same value system and care for customers that has always been part of the Grochem brand."
About AgriNova
AgriNova (Grochem) is a wholly owned company with its head office and production site in Wellington, New Zealand. The company was founded in 1993 and is focused on the sale and distribution of crop protection products in New Zealand, Australia, South Africa and Chile.
In business for nearly three decades, Grochem has pioneered the development and registration of sustainable crop solution options for New Zealand's local market primarily for pipfruit, kiwifruit orchards and vineyards.
We are proud to be industry leaders in the manufacture and development of range of plant growth regulators for a vast array of crops and conditions. From flower and fruit thinning, to canopy management and tree establishment. Also innovative fruit sizing and ripening products. All backed by comprehensive support and ongoing research and development. We are a major manufacturer and supplier of key products for organic growers. Providing growers with quality options for the control of a wide range of pests and diseases as well as innovative nutrition. By working with independent research partners and growers, Grochem is able to develop and provide organic products that makes growing organically viable.
About ADAMA
ADAMA Ltd. is a global leader in crop protection, providing solutions to farmers across the world to combat weeds, insects and disease. ADAMA has one of the widest and most diverse portfolios of active ingredients in the world, as well as state-of-the-art R&D, manufacturing and formulation facilities. With a culture that empowers our people to listen to farmers and ideate from the field, ADAMA is uniquely positioned to offer a vast array of distinctive mixtures, formulations and high-quality differentiated products, delivering solutions that meet local farmer and customer needs in over 100 countries globally.