Sumitomo's Pace/Valent Chile businesses to merge
Sumitomo Chemical is to merge the Chilean operations of its biopesticide and biorational products subsidiary, Valent BioSciences, with its post-harvest crop protection company Pace International. Valent BioSciences acquired Pace in 2012. The merger will be accomplished through the creation of a new post-harvest division within Valent BioSciences Chile. Pace will significantly expand its operational strength in the areas of customer service, logistics, administration, trading capacity and geographic coverage, the company says. The merged company will also supply products for Latin America and South Africa. The new operation will commence business on August 1st. The company merged the same operations in Mexico last year.