Murugappa Consolidates Indian Market Share
11 July 2011 Murugappa Group, which recently acquired Sabero Organics, is looking to consolidate its agrochemical market share in India, according to an article in the Business Standard.
Murugappa purchased Sabero Organics for $3.8 billion. The company aims to integrate its pest management operation by maximizing its efficiencies of sourcing, manufacturing, marketing, and R&D, according to the article.
Sabero, a producer of fungicides, herbicides, insecticides and specialty chemicals has global operations across three continents of Europe, Latin America and Australia and a manufacturing facility in Gujarat. Once new management comes into play in September, Murugappa will focus on increasing capacity threefold, according to the Business Standard.
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