In January 2013, Wise acquired Biolchim from financial investors Imi Fondi Chiusi, Assietta Private Equity and Arca Impresa Gestioni. Established in Bologna in 1965, Cifo is a speciality fertilizer producer active in both the home & garden and professional agriculture markets. In 2013, Cifo registered sales of €28 million and distributes its products in over 50 countries worldwide. The deal will create an Italian pole of specialty fertilizers with combined turnover of €75 million. The Group will invest in product development and expansion into new markets.