You are here: Home » Companies » News
Business Standard

United Phosphorus buys Netherlands-based Agrichem

Acquires it from a unit of Punjab Chemicals for an undisclosed sum

Press Trust of India  |  New Delhi 

Agro-chemicals producer Ltd (UPL) has bought out Dutch pesticides maker from a unit of and Crop Protection (Punjab Chemicals).

In a communique to the BSE today, UPL said that its "overseas subsidiary has entered into an agreement with SD Agchem Europe, a subsidiary of Punjab Chemicals, to acquire 100 per cent in the Dutch company along with all tangible and intangible assets, IPR, product registrations, brands, distribution network and manufacturing facilities."

UPL, however, did not disclose financial details of the acquisition.

"will give a 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," the filing added.

The Netherlands-based Agrichem is engaged in producing and marketing of herbicides, insecticides and fungicides registered in several European countries like the Netherlands, Belgium, the UK, France, Germany, Ireland, Denmark, Italy, Slovakia, Czech Republic, Belarus and Switzerland, it said.

The firm has a crop protection registration department, in-house research and development and quality control facilities and its own formulation facilities in the Netherlands, the filing said.

Mumbai-based UPL is a global generic crop protection, chemicals and seeds company.

First Published: Mon, July 16 2012. 09:23 IST