Brandt acquires Monterey Chemical
The US agrochemical company, Brandt (Springfield, Illinois), has completed the acquisition of US agrochemical firm Monterey Chemical (Fresno, California), which trades as Monterey AgResources. Brandt has acquired the remaining 30% stake in Monterey that it did not already own. Brandt purchased a 70% stake in March 2010. Monterey will be integrated into Brandt’s specialty formulations division, headed by executive vice-president Bill Engel. Monterey’s former president, John Salmonson, will remain with Brandt, providing strategic operations management.