United Phosphorous buys DuPont’s fungicide business
Mumbai-based agrochemical firm United Phosphorus Limited (UPL) has purchased the global non-mixture mancozeb fungicide business and related assets from DuPont, the company said in a filing to the Bombay Stock Exchange. The acquisition also includes e
Mumbai-based agrochemical firm United Phosphorus Limited (UPL) has purchased the global non-mixture mancozeb fungicide business and related assets from DuPont, the company said in a filing to the Bombay Stock Exchange. The acquisition also includes existing inventory, manufacturing and formulation production facilities in the US.
However, the company did not disclose the financial details of the transaction. The deal gives UPL the rights to register brands for non-mixture mancozeb products, trademarks, registration and supporting regulatory data for those products, the filing added. The deal would help UPL and its subsidiaries to sell Manzate (fungicide) and its formulations immediately, it said.
This acquisition would also help UPL to strengthen its fungicides business in South and Central American markets. UPL engaged in research, manufacturing, selling and distribution of chemicals across the globe. The company’s revenue for the year ended March 2010 stood at US$1,142 million, it said.
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