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Thursday, March 28, 2024

Law firm trio advises on the sale of Exclusivas Sarabia to Rainbow Agro

Grant Thornton and Dextra International have advised on the sale of the Spanish agrochemical company Exclusivas Sarabia, S.A. to the Chinese group Rainbow Agro, represented by ECIJA

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Following this transaction, Sarabia becomes 100% owned by the Rainbow Group

Founded in 1985, and with headquarters in Alpicat (Lleida) and Fraga (Huesca), Exclusivas Sarabia’s activity is focused on the manufacture and marketing of phytosanitary and nutritional products for agriculture, and on a small scale, those for orchards and gardens.

In recent years, the company has consistently and significantly maintained its investment in R&D&I in order to offer solutions of maximum efficiency, safety and quality, and has one of the most complete product portfolios in the Spanish market. In the sale process, Exclusivas Sarabia has relied on Dextra International and Grant Thornton as financial advisors and Grant Thornton as legal advisor. David de Boet from Dextra International and Ramón Galcerán and Álvaro Rodríguez from Grant Thornton led the advice.

Rainbow Agro, founded in 2005 and listed on the Shenzhen Stock Exchange (China), is a leading group that produces, distributes and markets crop protection products. With a presence in more than 80 countries on 5 continents, it closed the 2021 financial year with a turnover of more than $1.5 billion, which places it in 11th position globally.

The acquisition is in line with its strategic development plan. Following the acquisition of Exclusivas Sarabia, Rainbow Agro will take full advantage of the Group’s resource advantages, develop the full potential of synergies and strengthen Exclusivas Sarabia’s product portfolio and sales network to accelerate expansion in the EU market.

Gabriel Nadal and Maite Mascaró

ECIJA advised Rainbow Agro with a team formed by Barcelona office partners Gabriel Nadal and Maite Mascaró.

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