Jul 23, 2018Arysta sale to create fifth largest crop protection company
Platform Specialty Products has agreed to sell Arysta LifeScience, its agricultural solutions segment, to UPL Corporation. The deal will create the fifth largest crop protection company in the world, according to a Platform Specialty press release.
Together, UPL and Arysta will form a new company with complete offerings in a wide range of crops. The transaction is expected to close in late 2018 or early 2019.
Under Platform’s ownership, Arysta has grown to a global scale through a series of complementary acquisitions, doubling the peak sales value potential of its R&D pipeline, focusing the business on high value specialty applications.
UPL is a supplier and producer of crop protection products. UPL was founded in 1969 and has evolved from its origins as an Indian contract manufacturer of agrochemicals to a multinational company with a wide portfolio of branded products.
With the complementary combination of UPL’s active ingredient manufacturing competence and Arysta’s R&D and technology partnerships, the new company will be in the position to provide growers with complete, competitive and differentiated solutions, thereby becoming a “one-stop-shop” supplier to customers in key agricultural markets, according to Arysta. The combined business is set to boost its market access, strengthen distribution networks and reach millions of farmers in more than 100 countries.