Pace International, LLC (Pace), a global leader in postharvest solutions, technologies and services for the fruit industry, has announced it will merge its Pace International Chile Business with Valent BioSciences Chile, effective August 1st. Pace was acquired by Valent BioSciences Corporation (VBC) in December 2012. Both VBC and Valent BioSciences Chile are wholly owned subsidiaries of Sumitomo Chemical Company (SCC).
The merger will be accomplished through the creation of a new Postharvest Division within Valent BioSciences Chile. Through the integration, Pace will significantly expand its operational strength in the areas of customer service, logistics, administration, trading capacity, and geographic coverage within the region, it was announced. At the same time, Pace will maintain continuity and its relationships with existing customers in Chile, Latin America & South Africa and the entire Sales and Field staff will become employees of Valent BioSciences Chile.
“This merger is an important next step in the strategic vision of Pace and the SCC group,” said Roberto Carpentier, executive vice president and chief operating officer of Pace. “When we created Pace International Chile in 1999, we did so as a means to strengthen our offering of industry-leading postharvest solutions to a regional market that is renowned for the quality of its fruit production. This integration with Valent BioSciences Chile will consolidate that process.”
Gonzalo Maturana, general manager of Valent BioSciences Chile, said the move illustrates the unique capabilities that the SCC group has put forward on a global scale. “As the only multinational solutions provider with a portfolio that includes conventional, biorational, and postharvest products,” said Maturana, “the SCC group continues to expand their distinctive market presence by bringing our knowledge, cultures, and technologies together in ways that create unique value not only in Chile, Latin America and South Africa, but for our customers around the world. We are excited about this development and the opportunities it creates for our customers and our respective organizations.”