Mumbai, India
July 13, 2012

United Phosphorus Limited (UPL) today announced that its overseas subsidiary has entered into an agreement with SD Agchem Europe, a subsidiary of Punjab Chemicals and Crop Protection Limited (Punjab Chemicals) to acquire 100% in the Dutch company Agrichem along with all tangible and intangible assets, IPR, product registrations, brands, distribution network and manufacturing facilities.

Agrichem based out of Oosterhaut, Netherlands is engaged in the production, marketing and selling of crop protection products in the European agrochemicals market. Agrichem’s product range includes herbicides, insecticides and fungicides registered in several European countries like Netherlands, Belgium, UK, France, Germany, Ireland, Denmark, Italy, Slovakia, Czech Republic, Belarus and Switzerland. It has a well-staffed crop protection registration department, in-house R&D and quality control facilities and its own formulation facilities in Netherlands.

“Agrichem will give us new and enhanced market access in European countries. Agrichem has an exciting Registrations Portfolio with products that will be complimentary to UPL’s existing portfolio in Europe.” said Jai Shroff, Global CEO, UPL.

UPL is the largest Indian agrochemical Company and is engaged in research, manufacturing, marketing, sales & distribution of agrochemicals and specialty chemicals across the globe. The Company’s revenue for the year ended 31st March 2012 was about US$ 1,627 million

Website: http://www.uplonline.com

Published: July 18, 2012