Acquisition of marketing & sales activities for ammonium thiosulfate fertilizers produced by Esseco Srl in Italy
Tessenderlo Group is pleased to announce 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.
The full press release is available on the corporate website www.tessenderlo.com.