Lindsay Corporation has announced an agreement to acquire Setorial Irrigação, a Brazilian manufacturer of hose reel irrigation systems. The transaction's closing is contingent on the fulfillment of customary conditions expected to occur in the upcoming months. The purchase price was not disclosed in the sources.
According to Lindsay's news release, the acquisition strengthens its presence in Brazil's irrigation market and broadens its portfolio of mechanized irrigation solutions. Setorial brings about 30 years of experience in the Brazilian irrigation market, according to Lindsay. The company is headquartered in Limeira, São Paulo, and manufactures hose reel irrigation systems, sprinklers, motor pumps and equipment for water conveyance and effluent application. Its customers range from large sugar and ethanol mills to small growers, fruit and vegetable producers, cooperatives and family farms.
"Hose reels are a natural complement to our Zimmatic center pivots," said Randy Wood, President and CEO of Lindsay Corporation. "Setorial brings 30 years of experience, a trusted brand and deep knowledge of Brazilian growers. Together, we will be able to serve our customers more completely in this key market, from large sugar and ethanol mills to small family farms and bring efficient irrigation to more farmland across the country."
Lindsay said it currently offers hose reel equipment manufactured in France through the Perrot line, designed for European agriculture. Setorial adds products developed and manufactured in Brazil for local crops, soil and terrain conditions and the needs of Brazilian growers.
Upon closing, Setorial will operate under its existing brand, with its current team and manufacturing facility in Limeira. Founder and CEO Diomedes Pellegrini Tamani will continue leading the business. Existing customers and sales representatives will continue receiving Setorial products, parts, technical support and warranty coverage.
"We built Setorial with a focus on growers and on the reliability of our equipment in the field," said Pellegrini Tamani. "Joining Lindsay gives us the resources to grow while keeping our brand, our team and our plant in Limeira. Our customers and representatives can continue to count on the products and service they have come to know and trust from Setorial."