nav Searchuser
Maxunitech Inc.
Beijing Multigrass Formulation Co., Ltd.

UPL to acquire 100% stake in Costa Rica agrochemical company IBCqrcode

Nov. 22, 2018

Favorites Print
Forward
Nov. 22, 2018

UPL Corporation Limited, a wholly-owned subsidiary of UPL Limited, announced its decision to acquire 100 per cent of the shares of Industrias Bioquim Centroamericana Sociedad Anonima (IBC) and a cluster of group companies, collectively known as the Bioquim Group. 
 
The company has already signed a definitive agreement for the same, by means of which the stake will be acquired either directly or through its subsidiaries. The transaction will be closed upon meeting the routine closing conditions and regulatory approvals like receiving antitrust approval in Costa Rica. 
 
IBC operates in the agricultural solutions industry. The Bioquim Group is involved in producing, selling and marketing of agrochemicals and crop protection products in Costa Rica and in several countries across the Caribbean and Central American regions. 
 
The purpose of the acquisition, which is scheduled for completion in the first half of the calendar year 2019, is to enhance UPL’s market share in these regions. The combined products of UPL and Bioquim will facilitate the availability of the best solutions to farmers.
 
Source: DSIJ

Picture 0/1200

More from AgroNews

Sichuan Lomon Bio Technology Co., Ltd.

Magazine

2019 CRO & CRAO Manual 2019 Market Insight
2019 India Pesticide Suppliers Guide 2019 Biologicals Special
2019 Latin America Focus 2019 Formulation & Adjuvant Technology
Subscribe Comment

Subscribe 

Subscribe Email: *
Name:
Mobile Number:  

Comment  

Picture 0/1200

Subscribe to daily email alerts of AgroNews.