Now known as Sipcam New Zealand ,it is headed by chief executive David MacGibbon, who says his team is excited about future opportunities in the wake of the change.
Sipcam Oxon was founded in 1946 and operates in more than 20 countries. It produces chemical intermediates, pesticides, biologicals, biostimulants, plant growth regulators, fertilisers and seeds, integrating its expertise in synthesis of active ingredients and capabilities in formulation development with registration of finished products.
Chief executive Paolo Brogi says acquiring Grosafe is a significant milestone in the company’s global expansion strategy.
“By strengthening our presence in the Asia Pacific region, we aim to better serve our existing clients and explore new opportunities.
“We look forward to leveraging the combined strengths of Sipcam New Zealand and Sipcam Oxon to develop a comprehensive product portfolio that addresses the evolving needs of our customers.”
David MacGibbon, who joined Grosafe as chief executive in 2021, says the move marks the start of a new chapter for the company, committed to delivering exceptional value and contributing to the sustainable growth of NZ’s primary sector.
“Our enduring success is rooted in the strong partnerships we have forged with our valued customers. We are excited to build upon these relationships and introduce innovative solutions that will further support farmers in achieving optimal crop yields.”
The deal was finalised early December.