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Mitsui & Co to acquire 100% share of ISI Sementi

On 9th November, 2021, Mitsui & Co reached an agreement to acquire 100% of the shares of ISI Sementi S.p.A (ISI).

Founded in 1981, ISI is a vegetable seeds company engaged in research, production, and sales of vegetable seeds. Headquartered in Fidenza, Italy, ISI has long-standing, favorable relationships in over 60 key agricultural countries and a strong footprint in the Mediterranean market, which Mitsui considers to be strategic against the backdrop of its vibrant and integral role in global agriculture, e.g. research and development, talent and the greater food eco-system.

Through this acquisition Mitsui intends to continue to build on ISI’s business foundation, namely, to further invest in its research and development programs and recruit more talent. Additionally, Mitsui aims to bring varieties developed by its other group of companies, including Japan Vegetable Seeds, a joint venture with 4 Japanese research based vegetable seed companies, to complement ISI’s product portfolio. Furthermore Mitsui will be supporting ISI’s growth in international markets by leveraging its global presence and sales channels.

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Angelo Boni and Paolo Boni, the owners of ISI Sementi commented “We identified Mitsui as the ideal company to continue and further develop what ISI has built during the last 40 years. The philosophy and the vision of both companies move in the same direction, and we are convinced the future will be bright and full of opportunities”.

Luigi Rossi, General Manager of ISI Sementi said “It is with great enthusiasm that we join the Mitsui Group, certain that it will give us all the support and tools necessary to face the challenges of the future with even greater strength and determination, while preserving the founding values of ISI Sementi that have characterized its first 40 years of history.

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On behalf of all ISI Sementi collaborators, I would like to take this opportunity to thank the Boni family, today represented by Angelo and Paolo, who in 1981 started the long journey of ISI, a journey full of successes and important goals that have laid solid foundations for the future and of which we are proud to have been a part.”

Shutaro Yoshikawa, General Manager of Mitsuì’s Seed Business Department added “ISI’s wealth of experience and passion to serve customers on the long-term aligns perfectly with our vision. We’re truly humbled by the opportunity and look forward to what we will accomplish together going forward.”

For Mitsui, Nutrition and Agriculture is a business domain with a strategic priority, against the backdrop of the global need for more nutritious food and the increasing pressure for new solutions for farmers. Mitsui regards vegetable seeds as an area which has a long term potential to  grow, with more investment in research and development, and through collaborations across industry and the value-chain; areas which Mitsui intends to support.

For more information:
imagesISI Sementi Spa
Frazione Ponte Ghiara, 8/a
43036 Fidenza (PR)
info@isisementi.com
www.isisementi.com

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Israel announces creation of global seed company

Two Israeli seed producers, Nirit Seeds and TomaTech, have joined forces to create Israel’s largest vegetable seed company. This synergy will enable unique seed breeding research and development that will accelerate the company’s growth in the international seed markets.

Upon completion of the merger, the company will have more than 80 employees worldwide, including molecular biologists, breeders, agronomists, and others.
The company will improve its breeding activities in Israel, Spain, Mexico and Italy, as well as significantly expand its representation in the Netherlands and North America, with a particular focus on growing vegetables in high-tech greenhouses.

Nirit Seeds is one of the most successful internationally traded tomato and pepper seed producers, investing in the development of revolutionary genetic technologies. TomaTech is one of the leading tomato seed companies in Israel, developing premium varieties, including those resistant to the dangerous Tomato Brown Ruffle Virus (ToBRFV).

The production of crop seeds is one of the most advanced and high-tech sectors in Israel. According to the Seed Department of the Federation of Israel Chambers of Commerce, seed exports currently generate $200 million in annual revenue. There are about 25 large and medium-sized companies in the local industry.

For reference. According to market research, the global vegetable seed industry is valued at $8 billion a year and is growing at a CAGR of 8%.

Prepared according to https://www.freshplaza.com

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Karachay-Cherkessia became one of the leaders in the production of greenhouse vegetables at the end of 2021

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Greenhouse vegetable production in 2021 reached a record 1.4 million tonnes. According to the Ministry of Agriculture of the Russian Federation, the leaders among the regions in this segment are the Karachay-Cherkess Republic, Lipetsk, Moscow, Kaluga, Volgograd, Novosibirsk, Saratov, Chelyabinsk regions, Krasnodar and Stavropol Territories, the Republics of Bashkortostan and Tatarstan. These regions account for more than 60% of the total production in the country. The intensive development of greenhouse projects in our country helps to provide Russians with fresh vegetables all year round. Last year, the harvest in winter greenhouses updated the 2020 record – more than 1.4 million tons of products were received. Including the production of cucumbers amounted to at least 830 thousand tons, and tomatoes – 590 thousand tons. It is expected that by 2025 the volume of vegetable production in year-round greenhouses will be at least 1.6 million tons of vegetables.

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December: Special Year Overview

In 2022, it will be 22 year since the new millennium started. Can’t believe it? Neither can we, but it is true. Before we go there, it is time to reflect on what has happened this year. Over the next couple of weeks, we will look back at 2021 and we will highlight the most important events that impacted the industry.

New greenhouses, events, even a few shows, technical novelties, and all other relevant news will pass by, offering you something other than Covid to talk about during Christmas and New Years’.

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Wish your customers Happy Holidays
This special also offers an opportunity to put your company in the spotlight with a banner in this special box. This banner can be booked until December 24 on our newsletters. For more information, feel free to send an email to: info@hortidaily.com 

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