Via this move, the group aims to expand its footprint and strengthen its position on the market, in line with information provided by ZF sources. The two companies chose not to comment.
At present, Alcedo ranks fifth among farming input wholesalers by 2023 turnover, of RON609.9 million. The company with over 270 employees operates countrywide and has over ten product warehouses.
Should Sumitomo take over Naturevo, which raked in RON177 million turnover in 2023, the deal would create a player that would near RON1 billion from farming input sales. Thus, it would get close to Bayer and BASF.
(English version by Catalina Apostoiu)