en.Wedoany.com Reported - On March 31, 2026, private equity firm Paine Schwartz Partners announced the completion of the sale of AgBiTech to BASF Agricultural Solutions. The acquisition, for which the definitive agreement was signed in January 2026 and received regulatory approval, marks BASF's full ownership of the biocrop protection company's shares.

AgBiTech was founded in 2000 in Australia, focusing on developing biocrop protection products based on natural viruses for controlling caterpillar pests in field crops. The company has production facilities in the United States, Australia, and Brazil, with its products sold across the Americas and other major agricultural markets. Its business model aims to promote the shift towards sustainable agriculture by providing efficient, cost-effective, and environmentally friendly alternatives.

During Paine Schwartz's ownership, the collaboration accelerated AgBiTech's expansion, including strengthening commercial capabilities in key markets, enhancing the distribution network in Brazil, and continuous investment in R&D to enrich the product portfolio. These initiatives significantly boosted the company's global influence.

Kevin Schwartz, CEO of Paine Schwartz, stated, "AgBiTech has an excellent reputation for delivering effective, sustainable bio-insecticide solutions. We are proud of the growth achieved during our partnership and believe BASF Agricultural Solutions is the ideal strategic partner to support its future development."

Adriano Vilas-Boas, CEO of AgBiTech, noted, "Paine Schwartz has been an outstanding partner, jointly driving our progress in the biocrop protection field. Joining BASF Agricultural Solutions will leverage its global platform to further accelerate the application of biotechnology in agriculture."

Livio Tedeschi, President of BASF Agricultural Solutions, emphasized, "The market for biologicals is growing rapidly, and the acquisition of AgBiTech strengthens our position in this area. Its proven biotechnology will complement our existing portfolio, helping to expand solutions for farmers in key markets."

This transaction involves multiple countries including the United States, Australia, and Brazil, reflecting the consolidation trend in the global agricultural biotechnology sector. AgBiTech remains committed to promoting profitable and environmentally friendly agricultural development through innovative products.

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