platform SPECIALTY FERTILIZERS
Promoting and benefiting from the increasing use of technology by Brazilian farmers
In 2013 Aqua Capital acquired a controlling stake in Aminoagro, a highly-innovative and client-focused producer of specialty fertilizers in Brazil.
Founded in 2000, Aminoagro is a leading producer of bio-stimulants with a cutting-edge portfolio of high-value products for grains, vegetables and fruits.
It operates out of its headquarters in the State of São Paulo and its industrial facility in the State of Goiás.
Main products include liquid bio-stimulants (amino acids, hormones and organic acids) and deficiency correctors.
Customers (farmers and distributors) are supported in the field by a team of 70+ specialized agronomists operating in 18 states.
The company has national coverage, with a focus on MAPITOBA region, Mato Grosso, Goiás and São Paulo.
Aqua Capital holds over 90% of the equity of the company.
In 2015, Aqua Capital acquired a controlling stake of Dimicron, a leading producer of micronutrients based in the south and center-west of Brazil.
Founded in 1985, Dimicron is headquartered in the State of Rio Grande do Sul and has two industrial facilities, in Rio Grande do Sul and Mato Grosso.
It commercializes its products under two main brands, Dimicron and Maximus.
Main products include liquid deficiency correctors and bio-stimulants, with a focus on grains.
Customers are supported in the field by a team of 60+ specialized agronomists operating in 12 states.
The company focuses on the States of Rio Grande do Sul, Santa Catarina and Mato Grosso, with a growing presence in Paraná and MAPITOBA.
Aqua Capital holds over 75% of the equity of the company.
Specialty fertilizers provide farmers with a high return on investment, maximizing yields and complementing investments in seed genetics and NPK fertilization. However, penetration in Brazil is still low and the market is highly fragmented.
The best-run, better capitalized firms that can develop solutions and build lasting relationships with clients are in a strong position to consolidate the market.
Aqua Capital selected Aminoagro and Dimicron due to their first-class product portfolios, strong distribution channels, R&D capabilities and operational excellence.
Based on the strong product portfolio and Aqua Capital’s value-add, Aminoagro and Dimicron are already achieving transformational growth (see below).
Aqua is generating value through its hands-on involvement in the management of the company, with a focus on four pillars:
Managing growth through strategic investments and rigorous focus on building best-in-class commercial capabilities.
Developing uniqueness through a distinctive product portfolio and first-class customer service.
Market consolidation through acquisitions. The merger Aminoagro and Dimicron by Aqua Capital untaps a wide array of opportunities, including cross-selling, sharing of technology and operational efficiencies. It also creates a technology leader in the sector, with state-of-the-art R&D capabilities and with the largest number of tests in the field with proven results.
Building first-class governance though methodical decision-making processes, accountability, incentive-alignment and active risk management.