UPL Ltd.

UPL has entered into definitive agreements, through its step-down overseas subsidiary, to acquire 100% shares of Yoloo (Laoting) Bio-technology Co (Laoting Yoloo), an agrochemical company based in Heibei Province, China, from Beijing Yoloo Bio-Technology Corp (Beijing Yoloo). In the subsidiary, UPL will own 75% stake and Beijing Yoloo will hold 25% stake.

The company will build on the relationships that Laoting Yoloo has cultivated by serving their existing customers with the wider portfolio of UPL products. With this acquisition, UPL will also have a formulation facility in China.

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.