Sumitomo Chemical (SCIL) has completed the acquisition of 85% equity shares and controlling stake in Barrix Agro Sciences. The acquired company is in manufacturing and selling of pest monitoring, trapping and crop nutrition solutions and research and development of pheromone based products.
The acquisition will substantially enlarge SCIL’s product range including green chemistries in a larger measure. The acquisition is in alignment of SCIL’s strategy to build a more sustainable portfolio of green chemistries and offer Integrated Pest Management (IPM) and Integrated Plant Nutrition Management (IPNM) products and solutions to farmers. Through its established marketing and sales network of traditional channel and digital channels and available investment resources, SCIL will be able to provide guidance to the target company’s business to grow at a faster pace.
Sumitomo Chemical India was established in 1913 to manufacture fertilizers from sulfur dioxide emitted from smelting operations at the Besshi copper mine in Niihama, Ehime Prefecture, with the aim of solving environmental problems caused by emissions.
