Isagro-Chemtura Joint Venture Sells Fungicide to Belchim
15 April 2013 
ISEM S.r.l., a joint venture between Chemtura Netherlands B.V. and Isagro S.p.A., announced it sold its Valifenalate fungicide to Belchim Crop Protection of Belgium.
Valifenalate is a systemic fungicide belonging to the chemical class of dipeptides, with activity against oomycetes (also known as “water molds”). The sale includes the new active ingredient IR8854, which is “in the early development stage and brings potential synergies to Valifenalate,” Isagro said.
“The sale…is consistent with the revision of the business strategy pursued by the two partners, Chemtura and Isagro, in order to refocus resources towards projects carrying greater strategic value for them, with the aim of optimizing their portfolios,” Isagro said.
Further terms of the agreements were not disclosed.
Isagro S.p.A. is the Italian agrochemicals holding company, which posted around $196 million in sales last year and has 620 employees worldwide. Chemtura, based in Philadelphia, Pennsylvania, posted 2012 sales of $2.6 billion.
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