| KEY DATES IN ISAGRO'S
HISTORY
1992-95 - 1996-99 - 2000-03 - 2004-06
Isagro was formed in 1992
as a spin-off from Enichem Agricoltura, a company created
from the fusion of the agrochemical divisions of Montedison
and Enichem.
1993
Eleven Isagro managers, led by Giorgio Basile,
take over the company in a management buy-out.
1994
Isagro becomes a limited company and transfers its research
and development activities to a new company, Isagro
Ricerca S.r.l., to increase efficiency and facilitate
financing. Partners in Isagro Ricerca
are the Japanese Arysta LifeScience Corporation
(19%), its American subsidiary Arvesta Corporation (5%)
and Phyteurop S.A. (15%).
1995
Isagro forms Isam S.r.l., in which it has
a 51% stake with private partners holding the remaining 49%.
Isam provides services for weed control along railway lines
and the maintenance of monuments and public parks.
1996
- 1998
Isagro transfers to Isagro
Italia S.r.l. its Italian distribution operations, thus
enabling it to seek a partner for these activities. In 1998,
Isagro reaches an agreement with Rohm & Haas, which
acquires 50% of Isagro Italia and grants it exclusive Italian
distribution rights for Rohm & Haas products.
2000
Isagro reaches a collaboration agreement
with Aventis CropScience Italia S.p.A., today Bayer
Cropscience S.p.A, to set up AgriFormula
S.r.l, a company that formulates and packages products
of the two partners and of third parties.
2001
January
Isagro sets up Isagro BioFarming
S.r.l., to operate in the biological agriculture products
market. To broaden its portfolio with innovative products,
Isagro BioFarming in May acquires 51% of Biochem S.r.l.,
a company that researches and produces microorganisms.
July
Following the acquisition of Rohm & Haas by the Dow AgroScience
group, Isagro buys back 50% of the capital of Isagro Italia.
October
Isagro acquires the agrochemical branch
of Caffaro. This acquisition brings important growth opportunities
thanks to:
- the acquisition of new know-how
- entry into the copper fungicide market (Adria plant)
- reinforcement in formulation and packaging of agrochemicals
(Aprilia plant)
- integration of Caffaro distribution network in Isagro
Italia, the acquisition of Siapa
S.r.l. which distributes Group products to agricultural
consortia
- the acquisition of home and garden products business.
November
Through the newly-formed Isagro (Asia) Agrochemicals
PVT Ltd Isagro acquires the agrochemical
division of RPG LifeScience, a company quoted on the Mumbai
(India) exchange specialising in the synthesis, formulation
and packaging of agropharmaceuticals. In this way Isagro gets
control of a highly qualified chemical synthesis production
facility, a number of pyrethroid insecticides and moves into
direct distribution in the Indian market.
2002
May
Isagro sets up a joint venture with Sumitomo
Chemical Company Ltd, Japan’s largest chemical
group, which acquires 50% of
Isagro Italia, which meanwhile had acquired full control
of Siapa.
November
Isagro finalised an agreement with Staehler,
a German company active in the development, formulation and
distribution of crop protection products. Pursuant to the agreement,
Staehler has agreed to contribute Isagro Ricerca's
research costs, in exchange for which Staehler will have a non-exclusive
right to distribute any products resulting from such innovative
research in Germany, Austria and Switzerland.
December
Isagro acquires the remaining 49% of Biochem and changes its
name to Isagro Biochem.
2003
June
Isagro finalised an agreement with Eramet
& Comilog Chemicals S.A. ("Erachem"), a Belgian company
active in the recycling of various copper-based residues, pursuant
to which Erachem agreed to exclusively supply Isagro with copper
oxychlorides.
This agreement will allow the Company to enter a market segment
and international markets where it has not been present until
now.
November
- Isagro I.P.O. The company
is listed on the Italian Stock Exchange.
- Merger by incorporation of 4 wholly owned subsidiary Companies
into Isagro S.p.A.: Isagro
BioFarming S.r.l., Isagro Europe S.r.l ., FitoFormula S.r.l. and VerdeVivo
S.r.l., with effect
January 1 st 2004.
December
Isagro establishes Isagro USA. This establishment is part
of a large strategic group project which is based on a direct presence on the
strategic markets characterized by a high development potential for the Group's
products.
2004
June
- Establishment
of Isagro Brasil Ltda.
- Opening
of a branch office in Cuba.
-
Sale of
the product line VerdeVivo to the Kollant Group effective from
September 1, 2004.
- Acquisition by Isagro of the 37% stake held by Bayer CropScience
in AgriFormula
S.r.l.
-
Production agreement with Oxon Italia SpA, a company connected with Sipcam,
with a significant increase in the maximum production capacity of Tetraconazole
July
- A
long term agreement with Solvay Solexis for the purchase of TFE
which represents an important element in the production process
of Tetraconazole. In the framework of this co-operation, ISAGRO
is going to build by the end of 2005 in Bussi sul Tirino (PE),
in an area currently owned by Solvay Solexis, a production plant
for the final synthesis of Tetraconazole.
- Agreement with Caffaro to diversify its supply sources of “M-Alcohol”,
necessary for the production of Tetraconazole.
- Isagro Copper S.r.l., wholly owned by Isagro S.p.A., is incorporated in Isagro S.p.A. effective from January 1, 2004.
August
-
Long term agreement with Dupont for the supplying of TFE which represents an
important element in the production process of Tetraconazole.
September
-
Establishment of Isagro Argentina Limitada.
November
-
Isagro has received the approval to list the shares on the STAR segment of Mercato
Telematico Azionario managed by Borsa Italiana S.p.A.
2005
January
Isagro acquired a 22% stake in Arterra Bioscience
S.r.l., a research company active in the industry of biology
and molecular genetics and headquartered in Naples.
The contribution
of Arterra’s technologies, complementary to those of Isagro
Ricerca, will facilitate and speed-up the screening of new
molecules as well as the definition of the relative action
mechanisms.
March
The U.S. Environmental Protection Agency (E.P.A.) has approved
the " Section 18 " with
a three year validity to sell the proprietary fungicide Tetraconazole
in USA on soybean.
April
The U.S. Environmental Protection Agency (E.P.A.) releases
the 7-year authorisation, known as " Section 3 ", to sell
the proprietary fungicide Tetraconazole in USA on sugarbeet.
May
Establishment of Isagro Colombia Ltda.
June
Isagro acquired the 10% stake of Isagro
Ricerca S.r.l. from
Sipcam S.p.a..
August
Establishment of Isagro Japan Ltd.
November
Establishment of Isagro Mexico S.A. de C.V.
December
Isagro BioFarming S.r.l., wholly owned by Isagro S.p.A. is incorporated in Isagro
S.p.A.
Establishment of a Biological Products Unit located in Novara.
2006
January
Establishment of Isagro South Africa Ltd.
July
Establishment of Isagro Sipcam International, a Joint Venture on a 50/50 basis between Isagro and Sipcam, that will have the mission of acquiring participations, acquiring and/or developing products of common interest and carrying out formulation production activities in the countries where the two partners shall work together.
Acquisition by Isagro S.p.A. of the 50% of Sipcam Agro S.A., Brazil, a company which has been operating in the formulation and distribution of agropharmaceuticals in Brazil since 1979.
June
Sale of 41% of Isam S.r.l. (Italy) share capital to the company Semag S.r.l. that thus becomes the leading shareholder with a 90% stake.
Inauguration of the new tetraconazole production facility at Bussi sul Tirino (Pescara).
August
Acquisition of the 75% of Barpen International S.A., a company operating in the distribution of agropharmaceuticals in Colombia
Acquisition of the 51% of Agro Max S.r.l., a company operating in the distribution of agropharmaceuticals in Argentina.
2007
March
Euro 1,550,000 capital increase, which is now Euro 17,550,000.
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