United Phosphorus acquires three crop protection brands from Bayer
Our Corporate Bureau
30 August 2006
Mumbai-based pesticides manufacturer United Phosphorus Ltd., has announced the acquisition of three crop protection brands from Bayer CropScience AG for €43.5 million ($56 million).
This includes the systemic carbamate herbicidal active ingredient asulam (brand names Asulox Asilan) and two anti-insecticide Bayer products "to expand its reach", though it did not offer any further details. Bayer will keep some rights over the brands.
``Bayer CropScience has retained certain rights related to non-agricultural uses in strategic markets,'' the company said in a statement to the exchanges. With acquisition of these products United Phosphorus will enhance its product portfolio across geography with an intention to offer a broad portfolio of solutions to its customers.