UPL will reportedly acquire Bill Ackman’s Platform Specialty Products Corp - known as Arysta LifeScience for more than Rs 400 crore, which will be one of the largest outbound deal by Indian company.
The company has arranged funds from a consortium of lenders, including a Japanese bank. This acquisition will help the company to enhance its solutions to fit local farming needs, bring in synergies that can benefit its operations in overseas markets, and will also boost its agrochemical and crop protection business.
UPL is global player of crop protection products has customer base in 123 countries. It has subsidiary offices in Argentina, Australia, Bangladesh, Brazil, China, Canada, Denmark, Indonesia, France, Hong Kong, Japan, Korea, Mauritius, Mexico, New Zealand, Russia, Spain, Taiwan, South Africa, USA, UK, Vietnam and Zambia.