PI Industries has completed its acquisition of Isagro (Asia) Agrochemicals from Isagro Spa and its affiliates, a deal which was signed in Nov, 2019. The total transaction value is Rs 345 crore.
This acquisition will provide access to additional manufacturing capacities, synergy benefits of adjacent mfg site, long term contract for export of products to Isagro Spa and on the other hand will help PI strengthen its position in domestic market by leveraging complementary product portfolio and pan India distribution channel of the acquired entity.
PI Industries is engaged in the business of- Agri inputs, Fine Chemicals and (CRAMS) Contract Research and Manufacturing Services), Polymers and Engineering Services.
