New Delhi-based Safex Chemicals has acquired UK-based agrochemical CDMO Briar Chemicals from pan-European alternative investment firm Aurelius in a £73 million deal. Safex is itself backed by a private equity firm, ChrysCapital, and supplies crop protection chemicals. This is its first overseas acquisition.
Swamini Kulkarni of Allied Market Research looks at the different types of agricultural adjuvants available and the increased popularity of silicones
Over the years, the agricultural sector has witnessed numerous technological innovations to improve the overall performance of agrochemicals and increase agricultural yield. The major contributor to this is agricultural adjuvants, a type of additive that is added to agrochemicals or other crop production products to improve their performance.
SK Capital Partners have made an investment in VanDeMark Chemical in partnership with Comvest Partners, which has been a co-owner since 2019. The amount involved was not disclosed but VanDeMark said that this would “serve as a catalyst for a new strategic direction as the company seeks to deepen and expand its presence in fine chemistries for the global life science market”.
Amit Gandhi and Amita Parekh, managing directors and partners at BCG, look at the opportunities for Indian CDMOS in the global agrochemical industry
If one were to imagine the ‘ideal’ industry for India’s chemical exports, it would most likely be globally relevant, with customers who outsource a significant percentage of the critical synthesis steps, and have a strong need for innovation and IP protection. agrochemical CDMO industry ticks all these boxes.
The European Commission (EC) is proposing a Regulation that will impose legally binding targets to reduce the use of chemical pesticides by 50% from the average level consumed in 2015-17 by 2030. This is part of the Farm to Fork Strategy objective of delivering “a fair, healthy and environmentally respectful food system”.
Evonik has entered into a technological cooperation agreement with the AgTech Garage innovation centre in the Piracicaba Technology Park in Sao Paulo, Brazil. This came shortly after the company opened its new ‘Agro Hub’ at Americana in the same start AgTech Garage is described as an innovation hub that seeks to connect start-ups, producers, investors, academics, scientists and others in the development of sustainable agribusiness.
The EU’s Risk Assessment Committee has assessed glyphosate’s hazardous properties against criteria in the Classification, Labelling & Packaging Regulation and concluded that its classification should not be changed. This is consistent with the proposal of the four member states currently assessing the substance and RAC’s own 2017 opinion.