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Mitsui (JP) acquires majority share in Belchim (Flanders)

Belchim Crop Protection, a Flanders-based company specialized in the development and distribution of crop protection products, has officially been acquired by Japanese manufacturer Mitsui AgriScience International. According to Johan De Saegher (CEO of Belchim), this acquisition will allow the company to offer the best market access to farmers in Europe and North America. 

Belchim company in Londerzeel, Flanders-Belgium

Gradual transfer

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.” 

From one-man business to global company

Belchim Crop Protection is highly regarded in the crop protection market, holding its own among major players such as Bayer, BASF, Syngenta and Corteva. Over the last 30 years, the company has grown from a one-man business into a global company with 480 employees. In 2016 and 2017, the company also completed various international takeovers, including those of Jade SARL (a research station in France), Proagro (a German specialist in biological crop protection) and Engage Agro USA (an American company that is mainly active in high-value crops).  

More info

Belchim Crop Protection
Reported by
(source: www.mitsui.com)
19 December 2019

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