Gauteng, South Africa: Kynoch Fertilizer, a division of Farmisco (Pty) Ltd, a leading plant nutrient producer and distributor, received Competition Commission approval on the 26th of February 2019, for the acquisition of a further 51% in Sidi Parani. Kynoch, (through holding entity, EIHL) is now 100% shareholder of Sidi Parani.
Sidi Parani is a major role player in the liquid fertilizer industry, specifically in the Northern Cape, North West and Western Free State. Kynoch acquired the entity to create a focused driven, economically sustainable fertilizer business. The transaction will grant Kynoch access to new markets and additional production resources, and is aligned with Kynoch’s business model of enhancing efficiency through innovation.
Sidi Parani will undergo a period of planning and integration. During this period, each business will continue to operate individually to ensure that all stakeholders have comfort with accompanying changes and employees are fully integrated and supportive of the new business model.
"There is room to build a substantial position in the fertilizer market in South Africa and Africa and the Kynoch team is looking forward to these new possibilities," said Bruce Shuker, Commercial Manager at Kynoch.
From inception over a 100 years ago, Kynoch has evolved into a leading importer, blender and retailer of a range of granular, liquid and specialty fertilizers in Southern Africa. As a subsidiary of the ETG group of companies, one of the fastest growing Agricultural Conglomerates globally, Kynoch has the opportunity to expand the brand and footprint, whilst continuing the legacy that the company has created.
Sidi Parani (Pty) Ltd has been operating in the fertilizer industry for over 30 years. The company specializes in the plant feeding needs of producers and offers a diverse range of products to their customers. Sidi is aimed at offering the most scientific solutions to increase crop yield - hence the slogan: yield focused!
Farmisco (Pty) Ltd
Trading as Kynoch Fertilizer
Reg. No. 2009/009254/07
First Floor, ETG House
62 Weirda Road East
PO Box 3836
Office: +27 11 317 2000
Fax: +27 11 513 0019
Directors: N Murugan, C Aitken, B Patel, AA Lakhotia, K Patel
Registered Address: 62 Wierda Road East, Sandton, 2016