US conglomerate Huber buys Italian fertiliser maker Biolchim

Milan — US family-owned conglomerate J.M. Huber has clinched a binding agreement to buy Italian fertiliser maker Biolchim from NB Renaissance and Chequers Capital, the two private equity firms said on Monday.

Under NB Renaissance and Chequers, which took over Biolchim in 2016, the company has doubled in size, with revenue close to €140m in 2021 and core profits at €33m, the firms said. Biolchim has recorded double-digit growth also in 2022. Bologna-based Biolchim, which sells its products in over 70 countries, specialises in the production of biostimulants to improve crops.

“The agreement will open up new growth ambitions and will position us as a leading player in speciality nutrition globally.”

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