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United Phosphorus to acquire 50% of Sipcam Isagro Brasil

United Phosphorus (UPL) has agreed to acquire Italian agrochemical company Isagro’s 50% stake in the Brazilian joint venture, Sipcam Isagro Brasil (SIB - Uberaba), for an undisclosed amount. The move results in a new 50-50 partnership between UPL and Italian company Sipcam in Brazil. UPL chief executive officer Jai Shroff welcomes the move into Brazil. “Given the high entry barriers this market enjoys coupled with UPL’s limited presence locally, SIB represents a unique opportunity to kick-start operations on a larger scale and that too with a reputed partner like Sipcam-Oxon group.”

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