Jun. 8, 2017
Stockton and IQC, a Mexican company specialized in the production and marketing of agrochemicals, have reached an agreement to transfer 90 product registrations in Eastern Europe from Stockton to IQC. This announcement is part of the overall strategic direction of Stockton to focus on biological solutions.
Stockton has agreed to sell part of its generic registrations and distribution rights in the following Eastern European countries: Bulgaria, Romania, Moldova, Georgia, Azerbaijan, Tajikistan, Armenia and Belarus, to IQC.
“We are closing the ties with agrochemicals as part of the new strategic direction of the company, transitioning from generic conventional to biotechnology and hybrid crop protection products”, explained Guy Elitzur, CEO of Stockton.
“For IQC, this step represents a great opportunity to expand our sales and services to new customers providing products exported from Mexico to new geographical areas” explained Juan Manuel Ramirez CEO of IQC.