Biobest to Expand in Brazil with Acquisition of Biotrop
Biobest Group NV, a Belgian-based provider of biological pest control solutions, has announced plans to acquire Biotrop, a Brazilian-based company that specializes in the production of beneficial insects and mites. The acquisition is expected to cost Biobest 532 million euros and will help the company expand its presence in Brazil.
Background of Biobest
Biobest was founded in 1987 and is headquartered in Belgium. The company specializes in the production and distribution of beneficial insects and mites for biological pest control. Biobest has a presence in more than 70 countries and employs over 1,000 people. The company has been growing rapidly in recent years, with revenues increasing from 400 million euros in 2018 to 500 million euros in 2020.
Background of Biotrop
Biotrop is a Brazilian-based company that specializes in the production of beneficial insects and mites for biological pest control. The company was founded in 2002 and is headquartered in São Paulo. Biotrop has a presence in more than 20 countries and employs over 200 people. The company has been growing rapidly in recent years, with revenues increasing from 50 million euros in 2018 to 70 million euros in 2020.
Reasons for Acquisition
Biobest has stated that the acquisition of Biotrop is part of its strategy to expand its presence in Brazil. The company believes that the acquisition will help it to better serve its customers in the region and to capitalize on the growing demand for biological pest control solutions. Additionally, Biobest believes that the acquisition will help it to increase its market share in Brazil and to gain access to new markets.
Benefits of Acquisition
The acquisition of Biotrop is expected to bring several benefits to Biobest. Firstly, the acquisition will give Biobest access to Biotrop’s production facilities, which will enable the company to increase its production capacity and to better serve its customers in the region. Secondly, the acquisition will give Biobest access to Biotrop’s research and development capabilities, which will enable the company to develop new products and to stay ahead of the competition. Finally, the acquisition will give Biobest access to Biotrop’s customer base, which will enable the company to expand its customer base and to increase its market share in Brazil.
Impact on Biobest
The acquisition of Biotrop is expected to have a positive impact on Biobest. The company believes that the acquisition will help it to increase its revenues and profits in the short-term, as well as to strengthen its position in the long-term. Additionally, the acquisition is expected to help Biobest to better serve its customers in the region and to capitalize on the growing demand for biological pest control solutions.
Conclusion
Biobest has announced plans to acquire Biotrop, a Brazilian-based company that specializes in the production of beneficial insects and mites. The acquisition is expected to cost Biobest 532 million euros and will help the company expand its presence in Brazil. The acquisition is expected to bring several benefits to Biobest, including access to Biotrop’s production facilities, research and development capabilities, and customer base. The acquisition is also expected to have a positive impact on Biobest, helping the company to increase its revenues and profits in the short-term, as well as to strengthen its position in the long-term.