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Huber signs agreement to acquire Biolchim Group

Engineered materials manufacturing company JM Huber Corporation has signed a binding agreement to acquire full control of the Biolchim Group from NB Renaissance, Chequers Capital and the Biolchim Group management team. Closing of the sale, anticipated to occur by the end of 2022, is subject to customary conditions including foreign direct investment approval in Italy.

All the companies in the Biolchim Group — including Biolchim SpA, Cifo, Ilsa SpA, Matécsa Kft and West Coast Marine-Bio Processing Corp — are within the scope of the purchase. The Biolchim Group operates eight production plants globally and its products are present in more than 70 countries.

Upon close of the sale, the Biolchim Group will become part of Huber Engineered Materials (HEM), a company within the Huber portfolio of businesses.

Leonardo Valenti, CEO of the Biolchim Group since 2008 and a pioneer in the plant nutrition industry, will continue to lead the Biolchim Group through the next phase of growth and the integration.