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MAI acquires Magan in Serbia

ChemChina subsidiary Makhteshim-Agan Industries (MAI) has acquired Serbian marketing and distribution company Magan Agrochemicals Serbia (Subotica). The acquisition is in line with MAI's strategic direction to deepen its market reach in key emerging geographies and will strengthen its presence in the south-eastern region of the EU, the company says. "The acquisition of Magan, a leader in the Serbian agro sector, provides MAI with a strong platform to build out our existing business activities in Serbia and the Adriatic region," says chief executive officer of MAI's Europe region Anders Harfstrand.

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