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Crystal Crop acquires manufacturing facility in Nagpur

Press Trust of India  |  New Delhi 

Agro-firm Crystal Crop Protection Ltd has acquired a facility of Cytec in

It, however, did not disclose the deal value.

"The company has completed the acquisition of speciality facility of Cytec India, part of 11.4 billion global specialty Solvay S.A," Cyrstal Crop said in a statement.

This facility is located on around 10 acres in MIDC Butibori, and can be utilised to integrate the existing R&D and of the company, it added.

Commenting on the deal, company's MD Ankur Aggarwal said: "We believe in taking technology, innovation and manufacturing to the next level. This asset acquisition will enhance the of the company and add a new dimension to its

It is part of our strategy to promote 'Make in India' and bring modern and affordable agrochemicals to farmers."

Crystal Crop Protection has diversified into seeds, exports and agri-equipment businesses.

Apart from acquisition at Nagpur, Crystal has five manufacturing units two in Haryana, two in Jammu and one in Anand, Its greenfield project is under construction at Dahej,

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, February 12 2018. 17:05 IST