Dalgety Gavem majority
FARM merchant Dalgety has acquired a majority share in one of Central Europes leading agrochemical distributors.
After months of talks, the group finalised a 51% share in Romania-based Gavem International, which imports products from Monsanto, Dow and BASF.
Gavems turnover last year was estimated at £14m. Dalgety plans to increase Gavems throughput to £40m within five years. It will also expand Gavems portfolio to include grain trading, seeds and fertiliser.
Dalgety first branched out into Central Europe last year by launching its arable supplies business AgraPolska in Poland. The company is understood to be looking for an annual turnover of £500m from the region within 10 years. *