Sicit Group Acquires 51% Stake in Patagonia Biotecnologia

June 16, 2023

Sicit Group has acquired a majority 51% stake in Patagonia Biotecnologia, a Chilean producer of seaweed-based biostimulants headquartered in Puerto Montt. The deal expands Sicit's biostimulant portfolio into plant-based products and gives the company access to Patagonia Biotecnologia's roughly EUR 5 million 2022 revenue base and export footprint across the Americas.

Buyers
Sicit Group
Targets
Patagonia Biotecnologia
Industry
Agriculture
Location
Los Lagos, Chile
Transaction Type
Buyout

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