Sights set on Brazil
In 2014, with its sights set on Brazil, Tide Group – a Chinese agribusiness conglomerate – assumed administrative control of Prentiss Química and also established Tide Brasil, located in Porto Alegre, Rio Grande do Sul. The goal of the merger and inauguration of the subsidiary in Brazil was to expand the Group’s business into this growing and important market, allowing the Chinese firm to initiate operations through the supply of Chinese agricultural pesticides for Brazil’s local industry.
In 2019, Tide Group announced that it would be acquiring full control of Prentiss Química, purchasing 100% of the shares. With the agreement set, the Chinese Group assumed responsibility for full control of the corporation, which saw the implementation of several strategic projects, especially the expansion of the Prentiss manufacturing plant.
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