Dec. 26, 2018
China’s Jiangshan Agrochemical & Chemicals
has announced a cash payment to acquire 67% in Harbin Limin Agrotechnical.
Harbin Limin Agrotechnical is one of the prime pesticide formulation production and marketing enterprises in northeast China, being a major client of Jiangshan Agrochemical & Chemicals for the purchase of amide herbicides. The scope of Harbin Limin Agrotechnical's business involves pesticide technical production and formulation, esterification (methyl oleate and 2,4-D butyl ester) based production process research.
On the one hand, the acquisition of Limin Agrotechnical will enrich the formulation product portfolio of Jiangshan Agrochemical & Chemicals, which will strengthen the sales of amide herbicides in northeast China, while on the other hand, Jiangshan Agrochemical & Chemicals will be able to use the existing sales channels of Limin Agrotechnical to expand the sales of its formulation products in northeast China.