C&B AGRI ENTERPRISE LIMITED (“C-BIO”, office: Donegal Ireland, CEO: Barry Doherty) is pleased to announce that Mitsui & Co. Ltd. (“Mitsui”) has agreed to acquire a share in our leading Irish biostimulants manufacturing company. C-BIO and Mitsui & Co. will partner to enhance, improve and boost the overall growth strategy of our biostimulant products. C-BIO is an Irish-based producer and distributor of biostimulant products made from natural seaweed and marine-derived amino-acid material. These products are highly competitive, organic and perfectly embedded in the ethos of historic farming methods of the Irish community and make an important contribution to farmers in Europe, Americas and Asia who need to improve their crops. C-Bio’s CPS product made from 100% pure Ascophyllum Nodosum and manufactured using a unique cold extraction process has demonstrated excellent efficacy under all climates on a wide range of crops.
Mitsui is a global trading and investment company with a diversified business portfolio that spans 63 countries/regions in Asia, Europe, North, Central & South America, The Middle East, Africa and Oceania along with 128 offices and overseas trading affiliates. On a consolidated basis, Mitsui owns 509 affiliated companies with over 44,000 employees (as of year 2022). For more information on Mitsui’s businesses visit, www.mitsui.com)
We believe that this is an extremely exciting opportunity for C-BIO and that partnering with Mitsui will drive our business to the next level as part of their vision to provide sustainable solutions for crop production. This partnership underlines confidence in our business and with Mitsui’s support
we will be able to develop further as a robust and reliable partner for growers worldwide. We enter this new phase with excitement and look forward to the cooperation with our new shareholder partner.