Scam Spa has acquired Choncimer Srl
Scam Spa, a leading company in the production and marketing of Organo-Mineral fertilizers, has acquired Choncimer Srl, a company specializing in organic and special fertilizers for plant nutrition.
Scam Spa, an Italian company based in Modena, leader in the production of Organo-mineral fertilizers, has finalized the acquisition of 100% of Choncimer Srl, a company located in the Marche region, specialising in organic fertilizers. Through this deal Scam Spa broadens its field of action, by expanding the range of organic and organic farming products available on the Italian and international market. The aim is to enhance quality agro-industrial production with products that are increasingly in line with the changing needs of the market, the end user and the environment.
Especially, Choncimer Srl boasts over half a century's experience in the organic fertilizer market, which has always been characterized by high technological innovation and cutting-edge R&D for the development of new products suitable for all different crops in every vegetative stage.
Scam Spa was assisted by KPMG as global advisor.
CDI Global assisted Choncimer Srl as financial advisor, in particular by the partner. Gianmaria Castoldi, and by the firm Sassaroli Pica&Associati as legal advisor, particularly by lawyer Paolo Palumbo.
Felice Lo Faso, Managing Director of Scam SpA, was satisfied with this further important step in the company's industrial and commercial renewal and relaunch process that started in 2016. After a series of significant investments aimed at the renewal of the production lines of the Modena plant, the opening of new foreign markets, the development and registration of new formulations for special nutrition, and internal and external reorganization, it was time to fill a gap in the integrated nutrition offer proposed by Scam Spa.
This acquisition completes the product range with the missing organic fertilizer offer.
Felice Lo Faso stated that the operations following the acquisition will be conducted by Scam Spa according to business continuity.
Giovanbattista Chieti, Sole Director of Choncimer Srl, was delighted by the closing of this transaction, which ensures a solid future for his "creature" after 40 years of work, satisfaction and continuous growth. Choncimer Srl finds in Scam Spa those synergies necessary to continue its growth that today, given the increasingly complex European regulations and a rapidly evolving market, requires further investments and human resources.
He also stated that he will guarantee Scam Spa a smooth transition in order to ensure continuity as required by the new ownership.
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