UPL Mauritius to Acquire Bioquim Group

UPL Mauritius to Acquire Bioquim Group

Jai Shroff, CEO, UPL; photo credit Jake Naughton

UPL Mauritius, a subsidiary of UPL, India is set to acquire 100% shares of Bioquim Group which includes companies based in Costa Rica, Nicaragua, Panama, Dominican Republic, and Guatemala.

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The deal is expected to be sealed and signed by the first half of 2019.

Bioquim Group is a globally established name in the business of producing, selling and marketing of agro-chemicals and crop protection products with an annual turnover of $20 million.

Being associated with a 30-year-old global corporate giant like the Bioquim Group with its excellent customer relationship and impressive portfolio of technical registrations will help UPL command a stronger presence in the Central American and the Caribbean markets. This would especially benefit the farmers who would gain access to high-end farming solutions from both the companies, according to UPL.

Source: UPL