TSP is especially valuable for nutrient-deficient soils and precision agriculture.
The funds will be used to establish production facilities in the US, complementing its existing London-based operations.
The acquisition will be carried out by CAB’s unit, CAB Cakaran Sdn Bhd which operates over 100 broiler and breeder farms across Peninsular Malaysia.
Solaris also entered into separate agreements to acquire additional minority interests in the Santa Catarina grain terminal (TESC).
To support this expansion, Eshbal has acquired the assets of Swonder Bread.