Mitsui Chemicals to buy Meiji Seika agro business
Mitsui Chemicals Agro, the agrochemicals subsidiary of Mitsui Chemicals, has agreed to acquire the agrochemicals business of its Japanese compatriot Meiji Seika Pharma. No financial details were disclosed, other than that the impact on total sales is expected to be minor.
The acquired business is based in Tokyo with a manufacturing subsidiary in Iwate and six branch offices, employing 110. It will be fully integrated into Mitsui Chemicals Agro. The company offers various formulations, including:
* Probenazole, the world’s first systemic acquired resistance type fungicide
* Glufosinate-P, a distinctive non-selective herbicide; and
* Flupyrimin, an insecticide designed not to impact bees and other pollinators
Mitsui Chemicals Agro is seeking “to become an R&D-driven company with a global presence in the agrochemicals field”, as well as extending its professional pest management business. It said that the acquisition will help bolster its ongoing creation of new active ingredients.