United Phosphorus Limited Acquires Agrichem

MUMBAI, INDIA – United Phosphorus Limited (UPL) said SD Agchem Europe, a subsidiary of Punjab Chemicals and Crop Protection Limited (Punjab Chemicals), will acquire the Dutch crop protection company Agrichem.

The deal includes all assets, IPR, product registrations, brands, distribution network and manufacturing facilities.

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“Agrichem will give us new and enhanced market access in European countries. Agrichem has an exciting Registrations Portfolio with products that will be complimentary to UPL’s existing portfolio in Europe.” said Jai Shroff, Global CEO, UPL.

Agrichem based out of Oosterhaut, Netherlands, produces and markets crop protection products in the European agrochemicals market. Its products include herbicides, insecticides and fungicides registered in several European countries like Netherlands, Belgium, UK, France, Germany, Ireland, Denmark, Italy, Slovakia, Czech Republic, Belarus and Switzerland. It has a crop protection registration department, in-house R&D and quality control facilities and its own formulation facilities in Netherlands.

UPL is the largest Indian agrochemical Company and is engaged in research, manufacturing, marketing, sales & distribution of agrochemicals and specialty chemicals across the globe. The company’s revenue for the year ended Mar. 31, 2012 was about $1.63 billion.

Source: UPL, edited by Jaclyn Sindrich, Managing Editor

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