Isagro is the owner of important active ingredients, including hydroxide / copper hydroxychloride, Tetraconazole and Ciralaxil worldwide, and is well known for its research and development in plant protection and biopesticides.
Gowan with headquarters in Yume, Arizona, works worldwide in the field of agricultural decisions and specializes in developing, marketing and processing agricultural resources, such as plant protection products, seeds and fertilizers.
Julie Jesen, General Director of Gowan Group, said: "As a partner since 2013, ISAGRO has repeatedly made an impression on us. We look forward to expanding commercial opportunities, especially the integration of the manufacturing and scientific base at the ISAGRO Group enterprises. These additional competencies play an important role in our positioning on the global world agricultural practice arena. "
Georgio Basile, the chairman of ISAGRO, commented: "The transaction with Gowan will best estimate material and intangible assets developed by ISAGRO since its inception. The complementarity of Gowan and ISAGRO provides the continuity of the ISAGRO mission in the agro-pharmaceutical sector. "
Upon completion of PIEMME purchase, Gowan will announce a mandatory tender offer to buy all ISAGRO shares.
Purchase PIEMME company GOWAN will be closed after the following requirements: obtaining permission of competent regulatory authorities in accordance with antitrust laws, and termination of any incomplete relationship between ISAGRO and its subsidiaries, on the one hand, and any legal entity located in countries or regions (including Cuba), where a US person cannot conduct business in accordance with any applicable law, on the other hand.
In accordance with the conditions mentioned above, it is assumed that the closure will occur during the first half of 2021, and the tender offer is completed in the third quarter of 2021.
(Source: www.gowanco.com).