Tessenderlo Group announced that it has signed an agreement to acquire the marketing and sales activities for ammonium thiosulfate (ATS) fertilizers produced by Esseco Srl (part of Esseco Group) in Trecate, Italy. These ATS fertilizers will be marketed by Tessenderlo Group’s business unit Tessenderlo Kerley International. Tessenderlo Group will also acquire the Esseco trademarks Secofit® TS and Agrifix® which are used to market this product range for agricultural applications. The agreement is scheduled to become operational in March 2023.
“This agreement confirms Tessenderlo Kerley International’s commitment to the ammonium thiosulfate fertilizer market. Thanks to the production capacity of Esseco Srl, we will have additional volumes of ammonium thiosulfate fertilizers available. In addition to cooperating with a company which shares the same mindset towards continuous improvement in terms of both product and process, this agreement will also improve the service we offer to our customers,” explained Geert Gyselinck, Executive Vice President of Tessenderlo Kerley International.
Andrea Mangiarotti, member of the Esseco Srl Board of Directors and Marketing Director of Esseco Industrial, part of Esseco Group, commented: “We are very proud of this deal with Tessenderlo Group, which will guarantee and strengthen the leading position of the two companies in their respective roles, and support the growth of ATS use in the agricultural markets. Esseco Industrial will continue its operations in the ATS markets in both the United Kingdom and Brazil through local independent production.”
Full press release in English here.