Union Agriculture Group
Corporate brand
UnclaimedUnion Agriculture Group is a Uruguayan agribusiness company involved in crop production, livestock, grain logistics, and agricultural land management.
Last updated August 31, 2026
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Overview
Union Agriculture Group S.A. (UAG) is a Uruguayan agricultural company headquartered in Montevideo. Founded in 2008 by businessman Juan Sartori with foreign capital, the company initially focused on blueberry cultivation but rapidly expanded into a diversified agribusiness platform. Its activities have included the production of rice, soybeans, and wheat, as well as the breeding of sheep and cattle. The company has operated through a large portfolio of farms and agricultural properties, with operations described as extending across more than 100 farms and approximately 516,000 hectares. UAG’s business model has combined primary agricultural production with ownership or control of assets serving later stages of the agricultural value chain. Through its subsidiary Granosur, the group has participated in physical grain trading, storage, logistics, and related marketing and export activities. Granosur has been described as having more than 81,000 tonnes of grain-storage capacity distributed across five locations in Uruguay. This structure allowed UAG to connect farm production with handling and commercialization rather than operating solely as a landholding or crop-production business. A major expansion occurred in February 2014, when UAG acquired the Uruguayan assets of El Tejar. The transaction was part of a strategy to enlarge its domestic land base and strengthen its position among Latin America’s larger agribusiness operators. Granosur became a wholly owned UAG subsidiary in 2015, further consolidating the company’s grain infrastructure and trading activities. UAG also became notable within Uruguay’s capital markets. In May 2013, it completed an offering on the Montevideo Stock Exchange, becoming the first company in its sector to have shares traded there and the first initial public offering in Uruguay since 2007, according to the referenced account. At the time, it was reported as the exchange’s largest listed company and represented roughly 70 percent of market capitalization. In April 2019, shareholders voted to remove the company from the public market and return it to private ownership. The company was once linked to the broader Union Group, an enterprise associated with Sartori that also pursued electricity and real-estate interests. After Sartori left the direction of UAG in 2018, the relationship between the agricultural company and the wider group was disrupted, and UAG was described as continuing with an agricultural focus. The referenced material states that the company’s operations were not connected to Sartori’s Union Acquisition Corp. Beyond Uruguay, UAG has held agricultural properties in Australia. The described Australian portfolio included three properties totaling more than 50,000 hectares of arable land and supported Angus cattle, Wagyu cattle, and sheep operations. In 2019, the company sold the 2,800-hectare Mount Falcon property for $8.9 million. The reference material also describes a change in ownership control, stating that a Spanish-Brazilian businessman held 86.77 percent of the shares and chaired the board, although it does not identify that person or provide enough current information to establish UAG’s present ownership, listing status, or operating condition with certainty.
History
Union Agriculture Group was established in Uruguay in 2008 by Juan Sartori with foreign capital. Its original business concept centered on blueberry production, but the company soon adopted a broader agricultural strategy. It entered the production of rice, soybeans, and wheat and developed sheep and cattle-breeding activities. This early diversification formed the basis of UAG’s later identity as an integrated agribusiness rather than a single-crop producer. The group expanded by assembling agricultural properties and operating farms at scale. The referenced account describes a portfolio of more than 100 farms totaling approximately 516,000 hectares. UAG’s activities were concentrated in Uruguay, although the company also developed a presence in Australia. Its Australian operations included three properties covering more than 50,000 hectares of arable land, with Angus, Wagyu, and sheep production. UAG pursued vertical integration through subsidiaries and related infrastructure. Granosur became wholly owned by UAG in 2015 and focused on physical grain trading, storage, and logistics. Its network was reported to provide more than 81,000 tonnes of storage capacity across five Uruguayan locations. This gave UAG an operating structure spanning farming, aggregation, handling, marketing, and export-related functions. In February 2014, the company acquired 100 percent of El Tejar’s Uruguayan assets. The acquisition supported UAG’s objective of building a larger domestic property base and consolidating its position among major Latin American agricultural companies. The transaction was reported at $170 million. In Australia, UAG later sold its 2,800-hectare Mount Falcon property in 2019 for a reported $8.9 million, demonstrating that the group’s international portfolio also underwent reshaping. UAG became an important event in Uruguay’s capital-market history when it listed on the Montevideo Stock Exchange in May 2013. It was described as the first company from Uruguay’s agribusiness sector to have shares traded on the exchange and the first initial public offering in the country since 2007. At the time of listing, UAG was reported to be the largest company on the exchange and to account for approximately 70 percent of its capitalization. The company was associated with Union Group, a wider business grouping connected with Sartori and active in areas including electricity and real estate. Sartori left the direction of UAG in 2018, after which the relationship between the agricultural company and the broader Union Group was disrupted. The referenced material describes UAG as retaining its agricultural operations and states that these operations had no connection with Sartori’s Union Acquisition Corp. In April 2019, shareholders approved taking UAG from the open market into private ownership. The reference material further states that a Spanish-Brazilian businessman controlled 86.77 percent of the shares and served as chairman of the board, but it does not identify him. Because the available material does not establish a current corporate website, current executives, present ownership in sufficient detail, or whether the business remains active in its former form, the company’s current status requires verification.
- 2019
Shareholders approve privatization
[1]Shareholders voted to remove UAG from the open market and take the company private.
- 2019
Mount Falcon property is sold
[1]UAG sold its 2,800-hectare Mount Falcon property in Australia.
- 2018
Sartori leaves UAG’s direction
[1]Juan Sartori departed from the company’s direction, coinciding with a disruption of UAG’s relationship with the broader Union Group.
- 2015
Granosur becomes wholly owned
[1]Granosur became a wholly owned subsidiary, adding grain trading, storage, and logistics capabilities to UAG’s agricultural platform.
- 2014
Acquisition of El Tejar’s Uruguayan assets
[1]UAG acquired all of El Tejar’s Uruguayan assets, expanding its land and agricultural operations in the country.
- 2013
First agribusiness listing on the Montevideo Stock Exchange
[1]UAG listed shares on the Montevideo Stock Exchange, becoming the first company in Uruguay’s agribusiness sector to do so.
- 2008
Union Agriculture Group is founded
[1]Juan Sartori founded UAG in Uruguay with foreign capital. The company initially planned to cultivate blueberries before diversifying into broader agricultural production.
Products and positioning
A large, vertically integrated agribusiness centered on agricultural production, land management, livestock, grain logistics, and commercialization in Uruguay, with historical operations in Australia.
Crop production
Rice
Rice was one of UAG’s principal crop activities after the company expanded beyond its original blueberry concept. Production formed part of the group’s broader Uruguayan farming portfolio.
Crop production
Soybeans
Soybean cultivation became part of UAG’s diversified crop-production program. It was operated alongside rice and wheat within the company’s large agricultural land base.
Crop production
Wheat
Wheat was among the grains produced by UAG as the company broadened its farming operations. Its grain activities were complemented by storage, trading, and logistics through Granosur.
Livestock
Sheep and cattle
UAG developed livestock operations involving sheep and cattle. Its Australian properties were additionally associated with Angus and Wagyu cattle, showing the geographic and breed diversity of its historical livestock portfolio.
Grain trading and logistics · 2015
Granosur
Granosur was UAG’s wholly owned grain-trading subsidiary from 2015. It handled physical grain trading, storage, and logistics, with reported storage capacity exceeding 81,000 tonnes across five Uruguayan sites.
Brand decisions
2019
Return the company to private ownershipStrategyBackground
After UAG’s period as a major Montevideo Stock Exchange issuer, shareholders considered the company’s future as a privately held business.
Action taken
Shareholders approved taking UAG from the open market to private ownership.
Aftermath
UAG ceased being an open-market company, although the available reference does not provide subsequent listing or ownership details.
2019
Sell the Mount Falcon propertyStrategyBackground
UAG adjusted its Australian agricultural portfolio while retaining other properties in the country.
Action taken
The company sold the 2,800-hectare Mount Falcon property.
Aftermath
The sale reduced UAG’s Australian property holdings.
Reported sale value. $8.9 million (2019)
2014
Acquire El Tejar’s Uruguayan assetsM&ABackground
UAG sought to enlarge its agricultural property base in Uruguay and strengthen its position among major Latin American agribusinesses.
Action taken
The company acquired 100 percent of El Tejar’s Uruguayan assets.
Aftermath
The transaction expanded UAG’s domestic agricultural holdings and supported its consolidation strategy.
Reported acquisition value. $170 million (February 2014)
Sources1 sources
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