United Phos acquires 2 DuPont products
United Phosphorus has acquired two fruit and vegetable pesticides from DuPont for an undisclosed amount.
By PTI |
MUMBAI: Agrochemical company United Phosphorus on Wednesday said it has acquired two fruit and vegetable pesticides from science-based solutions provider DuPont for an undisclosed amount.
United Phosphorus has acquired DuPont's global Triphenyltin Hydroxide Contact Fungicide (TPTH) and Fenbutatin-oxide miticide businesses, marketed primarily as Super Tin and Vendex respectively, the company informed the Bombay Stock Exchange (BSE).
"Under the agreement, United Phosphorus and its subsidiaries would be selling Super Tin and Vendex and its formulations from October 1. Until then, DuPont would be acting as an agent for the company and its subsidiaries," the company added.
Both products would strengthen the company's position in the fruit, nut, vegetable and row crop markets, United Phosphorus said.
Super Tin is the common name for Triphenyltin hydroxide, which is a contact fungicide used mainly on potatoes, sugar beets and pecans, while Vendex is the popular name of fenbutatin-oxide, the largest tin acaricide, used on citrus and pome fruits.
The buyout follows United Phosphorous' six acquisitions in 2006, which made it the third largest global generic agrochemical company in the country.
Shares of United Phosphorous were trading at Rs 303, up 1.07 per cent on the BSE in late afternoon trade.
United Phosphorus has acquired DuPont's global Triphenyltin Hydroxide Contact Fungicide (TPTH) and Fenbutatin-oxide miticide businesses, marketed primarily as Super Tin and Vendex respectively, the company informed the Bombay Stock Exchange (BSE).
"Under the agreement, United Phosphorus and its subsidiaries would be selling Super Tin and Vendex and its formulations from October 1. Until then, DuPont would be acting as an agent for the company and its subsidiaries," the company added.
Both products would strengthen the company's position in the fruit, nut, vegetable and row crop markets, United Phosphorus said.
Super Tin is the common name for Triphenyltin hydroxide, which is a contact fungicide used mainly on potatoes, sugar beets and pecans, while Vendex is the popular name of fenbutatin-oxide, the largest tin acaricide, used on citrus and pome fruits.
The buyout follows United Phosphorous' six acquisitions in 2006, which made it the third largest global generic agrochemical company in the country.
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Shares of United Phosphorous were trading at Rs 303, up 1.07 per cent on the BSE in late afternoon trade.
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