PI Industries Limited, a known name in agricultural sciences sector, is planning to acquire UK listed Plant Health Care Plc for approximately £32.8 million. The move aims to bolster PI Industries’ capabilities in offering integrated solutions for sustainable agriculture, underscoring its commitment to pioneering agricultural technologies.
Plant Health Care is recognised for its expertise in protein/peptide technology within the agricultural biological sector. The company has successfully introduced its patented PREtec peptide products, gaining widespread adoption among growers in key markets such as the US, Brazil, Europe, and Mexico. The acquisition plan aligns seamlessly with PI Industries’ strategy to develop a diverse portfolio of sustainable agricultural solutions.
PI Industries has demonstrated consistent growth in the biologicals sector, currently offering eight products with several more in various stages of development and registration. By integrating Plant Health Care’s advanced peptide technologies with its existing chemical product lines, PI Industries aims to create a robust growth platform, meeting the rising global demand for sustainable agricultural practices.
As reported by business-news-today.com, the global market for biological agricultural solutions is anticipated to expand significantly, reaching $18 billion by 2028, further enhancing the strategic idea behind the acquisition.
