Calata acquires exclusive deal

MANILA, Philippines - Listed agritechnology firm Calata Corp. has entered into an agreement with Argentina-based Agroservicios Humboldt S.A. for the exlusive distribution of its animal nutrition products in the Philippines.

“The company was granted the exclusive right to identify and represent business opportunities in all aspects of animal feed production, cereal mix, protein concentration, vitamin-mineral pre-mix and every product related to animal nutrition throughout the Philippines,” Calata said in a filing to the local bourse yesterday.

Agroservicios is an agribusiness company primarily engaged in wholesale and storage of grains, oilseeds, soybean, maize, sorghum, wheat, sunflower and other related products and production of a complete line of food and mix for animal nutrition.

Calata said its partnership with Agroservicio would to fortify its position as one of the largest distributor of agricultural products in the Philippines.

The company remains optimistic on the growth prospects of the Philippine agriculture sector in 2013 despite setbacks caused by natural calamities.

Calata Corp. has some 120 outlets nationwide which it plans to increase to 140 this year.

It also operates its own grains and poultry farm projects in northern Luzon.

The firm is also the Philippine distributor of international agriculture technology firms Syngenta of Sweden and Monsanto of USA and partner of Argentinian firms Fimaco SA and JMG SA.