Continuing its expansion strategy in Brazil, Lavoro, the largest distributor of agricultural inputs in Latin America, has just announced the acquisition of Sollo Sul Insumos Agrícolas*. With the operation, the company now owns 50 stores in Paraná alone, consolidating its market leadership in the country.
This new venture is present in six cities in Paraná: Pato Branco, Verê, Laranjeiras do Sul, Realeza, Capanema and Quedas do Iguaçu. In Campo Erê, in the west of Santa Catarina, it owns an input store and a fertilizer and seed storage unit. In turn, Dissul, Sollo Sul’s redistribution operation, owns two units, one in Pato Branco (PR) and another in Campo Erê (SC).
Founded in 1991, Sollo Sul is consistent, traditional and works with a vast product portfolio. It currently serves over 5,000 farmers, a rapidly expanding customer base. “This transaction marks the consolidation of Lavoro in Paraná and expands our operations in the west of Santa Catarina. With Dissul, we also strengthened our redistribution operation”, explains Ruy Cunha, CEO for Lavoro.
“We are very pleased with the company’s arrival to the Lavoro group, and to be able to count on its entire team, which comprises over 145 employees. In terms of business continuity, we are already working with the expectation of opening six new stores by 2025”, emphasizes Cunha.
The acquisition of Sollo Sul Insumos is in line with the business strategy of the Lavoro group, which includes organic growth through the opening of new stores and the acquisition of companies that have synergy with the company. “The investee company has a current market share estimated at ~6% in the southwest region of Paraná. The plan is to double that indicator within five years”, reiterates the executive.
Among the acquisitions and mergers made since 2017 to form Lavoro are the following networks: Lavoro Agrocomercial, Impacto Insumos Agrícolas, Agrovenci, Central Agrícola, América Insumos, AGSE (Colombia), Grupo Cultivar, Denorpi, Deragro, Futuragro, Gral (Colombia), Integra Insumos, Grupo Pitangueiras, Plenafértil, Produtec, Qualicitrus, Realce, Produttiva, Cenagro (Colombia), AgroZap, Nova Geração, Provecampo (Colombia), Floema*, Casa Trevo* and CATR*. Throughout Latin America, more than 3,000 employees are employed by companies that are part of Lavoro.
* The operations are still subject to fulfillment of precedent conditions and to the approval by the local regulatory body.
Created by Pátria Investimentos – one of the largest alternative investment managers focused on Latin America – in 2017, Lavoro’s purpose is to positively transform the agricultural input distribution sector.
A positive transformation thanks to the SOLIDITYthat Lavoro has in its DNA. Thanks to the widespread PRESENCEin strategic cities and regions for agriculture. Thanks to the standard of quality, CURRENTNESSand services that our employees seek to improve every day. And thanks to the TRUSTthat we insist on obtaining from farmers so that they can lead and solidify their growth, which is so essential for the world.