Agrochemical firm Best Agro group today said it has completed acquisition of a manufacturing facility at Gajraula in Uttar Pradesh from Chemtura Chemicals India for an undisclosed amount.
Best Crop Science LLP, part of Best Agro Group, said in a statement it has "completed the acquisition of an agrochemical manufacturing facility located in Gajraula (UP) from Chemtura Chemicals India Pvt Ltd, a subsidiary of Arysta Life Science (USA) owned by Platform Specialty Products Corporation."
As a result of this acquisition, Best Agro Group has enhanced its manufacturing capabilities.
The facility is spread across 13.56 acres and is capable of formulating high quality insecticides, herbicides and seed enhancement products on 6 production lines in three production blocks.
"The acquisition of this facility at Gajraula is a stepping stone to achieving our strategic vision. By the end of this year, we intend to enhance our technical production capacity by 5,000 TPA, which will support our growing product portfolio" said Vimal Kumar, CMD, Best Agro Group.
BestAgro Group is a privately owned diversified agro chemical company serving the Indian and global markets with a range of crop protection products including insecticides, herbicides, pesticides, fungicides, and plant nutrients.
Arysta Life Science, owned by Platform Specialty Products, is a leading crop protection and life science company with 2015 revenues of US $1.8 billion
The divestment of this manufacturing facility is part of Platform's strategic plan for growth in India and global initiatives to integrate and optimise production and supply chain activities following the acquisitions of Arysta Life Science Ltd, the Agriphar group, and Chemtura Corporation's Agricultural Solutions business.
