UPL Corporation Limited, Mauritius (UPL Corp), wholly owned subsidiary of UPL Limited (UPL) has announced that it has signed a definitive agreement to acquire directly or through its subsidiaries 100% of the shares of Industrias Bioquim Centroamericana, Sociedad Anonima (IBC), a company based out of Costa Rica, and certain other group companies situated in Caribbean and Central American Region (collectively “Bioquim Group”).

Bioquim Group is engaged in the business of producing, selling and marketing of agrochemicals and crop protection products in Costa Rica and certain countries in the Caribbean and Central American Region.

The closing of the above transactions is subject to the satisfaction of customary closing conditions and regulatory approvals.

Bioquim, a 30-year-old group having a long-term customer relationship in the region and an exciting portfolio of technical registrations will give UPL an enhanced market access in Central America and the Caribbean region. Farmers will have the best solutions available due to the combined availability of UPL and Bioquim products.