United Phosphorus to acquire Agrichem
United Phosphorus (UPL) is to acquire Dutch company Agrichem (Oosterhaut). UPL has agreed the acquisition with Belgian company SD Agchem Europe (Antwerp), a subsidiary of Indian company Punjab Chemicals and Crop Protection (Mumbai), which is also the parent company of Agrichem. The Dutch company is engaged in the production, marketing and selling of crop protection products in Europe and has its own formulation facilities in the Netherlands. “Agrichem will give us new and enhanced market access in European countries,” says UPL chief executive officer Jai Shroff.