Mitsui & Co reaches agreement to acquire 100% shares of ISI Sementi S.p.A.
Posted on 2021-11-23
On 9th November, 2021, Mitsui & Co reached an agreement to acquire 100% shares of ISI Sementi S.p.A (ISI).
Founded in 1981, ISI is a reputed 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 where Mitsui considers to be strategic in the backdrop of its vibrant and integral role in global agriculture, e.g. research and development, talent, 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 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.