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UK fungicide business bought by French group

A Hampshire-headquartered fungicide development and supply business has been snapped up by French agriculture and crop disease prevention company DeSangosse, with Quantuma advising on the deal.

Agronaturalis supplies powder, granule, and sprays containing potassium bicarbonate to control a range of diseases in crops, principally grapevines, vegetables, and fruits.

As part of the acquisition, Richard Milling will take over the role of managing director at the company within the DeSangosse group, while founders Stephen Shires and Jean-Pierre Laffranque will retire. The deal, which represents an exit for two founder shareholders, will facilitate the next stage in the expansion plans for Agronaturalis as it widens its development, registration, and supply of natural fungicides from its existing European base into North and South America, and North Africa.

The advisory team was led by Quantuma's Southampton-based director Philippa Robinson and managing director Ian Barton, who oversaw the entire transaction process.

Stephen Shires, Agronaturalis founder, said: "Choosing both the right time to sell and the right adviser was a huge decision for us as shareholders, and we were delighted to work with the team from Quantuma led by Pip and Ian who were brilliant throughout the process.
 
Read the complete article at www.insidermedia.com


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