The company from Londerzeel was still largely owned by the family of founder Dirk Putteman, who passed away in 2018. Japanese firm Mitsui AgriScience International will purchase all of the shares previously owned by the family. Belchim’s shares will be handed over in two phases. During the first phase, 30% of the company’s shares will be taken over and the remaining 32% will be acquired in 2021.
During the first takeover phase, Belchim will continue to function as an independent business. CEO Johan De Saegher: “This allows us to strengthen our strategy in order to provide the best market access to farmers in Europe and North America. We achieve this by offering innovative solutions based on the products of our Japanese shareholders as well as solutions that we’ve developed in house.”