Hennepin Partners Advises FoodChain ID on its Acquisition of Lexagri International
Fairfield, IA and St Julien Genevois, France – FoodChain ID, a leading provider of technology-enabled food safety, quality, and sustainability solutions, has acquired Lexagri International, a leader in the AgTech industry focused on verifying, harmonizing, structuring, and distributing global agricultural data. FoodChain ID is a portfolio company of Berkshire Partners.
Hennepin Partners LLC served as financial advisor, Gide Loyrette Nouel A.A.R.P.I. served as legal advisor in France and Paul, Weiss, Rifkind, Wharton & Garrison LLP served as legal advisor in the US to FoodChain ID. Carlsquare GmbH served as financial advisor and Astura served as legal advisor to Lexagri.
A leading agricultural data company, Lexagri enhances the performance, quality, safety, and traceability of agricultural production through its portfolio of services which includes Homologa®, Basagri, Phytodata, PhytoScan®, and Agrowin.
Homologa® is the largest pesticide database on the market with over 33 million entries including Good Agricultural Practices (GAP) data, logistics data, and Maximum Residue Levels (MRLs). Basagri and Phytodata are reference data sources for crop protection information in France, synthesizing registered and certified data to create the most accurate information source available. The PhytoScan® mobile application utilizes an integrated label scanner designed for on-farm use, enabling users to access real-time regulatory and safety information. Agrowin is a consolidated market research package, allowing leading global chemical companies to access harmonized market data.
“Lexagri’s services are focused on data enhancement, and their data harmonization processes transform raw, untreated agricultural data into standardized, validated, and accessible data sets. This expands FoodChain ID’s scope of regulatory and compliance content into crop protection and brand registration data, allowing us to serve our customers even more effectively and to strengthen our reputation as a trusted source of data-driven, actionable insights,” explains Brad Riemenapp, Chief Executive Officer of FoodChain ID.
“Lexagri’s aim has always been, and continues to be, to become the global harmonized reference provider of regulatory crop protection data for the industry, digital farming, and the food chain. The integration of Lexagri in FoodChain ID will be another step in this direction. We will be able to enhance the link between “farm and fork” through an easier data flow and more transparency,” notes Fritz Schuster, Chief Executive Officer of Lexagri.