Crystal Crop Acquires Four FMC Brands
Crystal Crop Protection Limited (“Crystal” or “the Company”), one of the R&D based crop protection manufacturing and marketing companies in India, has strengthened its Insecticide & Herbicide portfolio by acquiring Furadan®, Splendour®, Metcil and Affinity Force® brands from FMC Corporation.
Commenting on the acquisition, Ankur Aggarwal, Managing Director of the Company, said, "We believe in acting as an enabler to Indian farmers to improve their farming income and this acquisition is a step in that direction. Staying true to our philosophy of inspiring growth for all our stakeholders, we are open to more such inorganic growth opportunities in the future too.”
This is the company’s third acquisition in 2018, the first was chemicals plant from Cytec India Specialty Chemicals & Materials Private Limited, and the second was Indian sorghum, pearl millet and fodder seeds business from Syngenta India Limited.
Agro-Chemicals products company, Crystal has made a number of acquisitions in the past few years. Crystal signed an agreement with Germany's BASF SE in 2016 to acquire the brand Bavistin. Crystal Crop Protection Limited also acquired Hyderabad based company Rohini-Seeds Private Limited and Rohini Bioseeds and Agritech Private Limited in 2011, which has brought its presence in the seeds market.
Further, Crystal Crop Protection Limited has signed a Letter of Intent with KeyGene N.V., Netherland to explore a strategic collaboration for developing products through sharing of technology and novel breeding techniques that benefit the farmers to increase their farm profitability.
These acquisitions and collaborations are part of Crystal’s strategy to add value to its business and grow its market share.