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MAI to acquire two agchem companies

Makhteshim-Agan Industries (MAI) has agreed the acquisition of two crop protection companies in North America and Asia. It has agreed to acquire the Mexican company, Ingenieria Industrial, which trades as BravoAg (Mexico City), and has sealed a majority 51% stake in Korean firm JK Inc (Goyang City). MAI expects to generate $40 million in annual sales from the two concerns. No financial details for either deal have been disclosed.

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