M&A Deal Summary

Lavoro Acquires Referencia

On March 13, 2023, Lavoro acquired agriculture company Referencia

Acquisition Highlights
  • This is Lavoro’s 1st transaction in the Agriculture sector.
  • This is Lavoro’s 2nd transaction in Brazil.

M&A Deal Summary

Date 2023-03-13
Target Referencia
Sector Agriculture
Buyer(s) Lavoro
Deal Type Add-on Acquisition

Target

Referencia

Dom Pedrito, Brazil
Referencia sells inputs of major brands such as Bayer and Corteva has nine distribution locations and serves approximately 2,000 customers in the cities of Bagé, São Sepé, Rosário do Sul, Pelotas, Alegrete, Cachoeira do Sul, Santa Maria, Giruá, and Dom Pedrito. Referencia was formed in 2006 and is based in Dom Pedrito, Brazil.

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Buyer(S) 1

Buyer

Lavoro

São Paulo, Brazil

Category Company
Founded 2017
Sector Distribution
DESCRIPTION

Lavoro is a distributor of agricultural inputs in Brazil and a supplier of agricultural biological inputs in the region. Through a complete portfolio, the company empowers farmers to adopt innovative technologies and boost productivity. It has a wide geographic presence, operating in Brazil and Colombia, and with an initial-stage trading company in Uruguay. Lavoro's 924 technical sales representatives meet several times a year with over 60,000 customers on their farms and in the company's 193 stores, with the aim of helping them plan and acquire the right inputs, in addition to contributing to the management of their agricultural operations to optimize results. Lavoro was formed in 2017 and is based in São Paulo, Brazil.


DEAL STATS #
Overall 2 of 3
Sector: Agriculture M&A 1 of 2
Type: Add-on Acquisition M&A Deals 2 of 3
Country: Brazil M&A 2 of 3
Year: 2023 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-27 Cromo Quimica

Estrela, Brazil

Cromo Quimica develops innovative technologies and solutions for the benefit of agribusiness, based on sustainable alternatives, improving productivity. It specializes in the production of high-performance adjuvants and enhancers for agriculture, focusing on soybean, corn, cotton, and winter crops. Cromo Quimica was formed in 2018 and is based in Estrela, Brazil.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-27 Coram

Ituverava, Brazil

Coram is an ag retailer that offers rural producers in Ituverava and the region quality agricultural products and services that contribute to the productivity and safety of their crops. The company has a diversified portfolio of seeds, fertilizers, pesticides, and biological products, combined with the support of qualified consultants. Coram is based in Jardim America, Brazil.

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