An overview to the most relevant transactions that have taken place in the crop protection industry and across the globe on 2017.... Just pure M&A.
February
Chinese agricultural biotechnology company Origin Agritech and US agricultural biotechnology firm Arcadia Biosciences agreed to co-operate on the development of information on genetically modified maize traits for submission to regulatory authorities in the US, China and elsewhere.
Platform Specialty Products’ agrochemical business, Arysta LifeScience, entered into a global collaboration with DuPont to develop combination insecticides based on DuPont’s chlorantraniliprole (trade-marked as Rynaxypyr) and Arysta’s acetamiprid.
BASF and the European Space Agency reached a collaboration agreement to evaluate the best use of satellite-derived data and images for agricultural purposes.
Bayer CropScience and Norwegian agricultural technology supplies company Yara International agreed a software licensing deal aimed at digital farming solutions.
The Belgian biological products company, Biological Products for Agriculture (Bi-PA), acquired a 25% stake in Australian company Innovate Ag. Bi-PA will develop and register Innovate Ag’s bioinsecticide, Sero-X (Clitoria ternatea extract), outside Australia and New Zealand.
French co-operative group InVivo acquired Chinese company Nutrichem’s stake in the Brazilian agricultural inputs business, CCAB Agro.
Chinese company Lianhe Chemical Technology agreed to acquire UK-based specialty chemical company Fine Industries, including its subsidiaries, Fine Organics and Fine Environmental Services, from UK-based NorthEdge Capital.
Mitsui Chemical’s agrochemical business, Mitsui Chemicals Agro, acquired a 10% stake in Belgian company Belchim Crop Protection.
Japanese company Mitsui & Co acquired Monsanto’s Latitude (silthiofam) fungicidal seed treatment business. The deal was agreed in January.
The US agrochemical company, PBI-Gordon, entered into an exclusive partnership with Kumiai Chemical and its sister company, Ihara Chemical, to introduce the herbicide, pyrimisulfan, to the US turf market.
Israeli biopesticide company Stockton agreed a long-term, non-exclusive distribution deal for its Melaleuca alternifolia extract-based biofungicide, Timorex Gold, with Chinese company Chongqing Shurong Crop Science.
Sumitomo Corporation subsidiary Summit Agro International acquired Japanese marketing rights to the strobilurin fungicide, metominostrobin, from Bayer CropScience. In 2014, Summit Agro acquired the right to manufacture, develop, register and sell the fungicide worldwide except in Japan, where rights were licensed back to Bayer.
Spanish biological pesticides company Symborg agreed a deal with Japanese CBC group’s European subsidiary, Biogard, for distribution rights in Italy for Symborg’s biofungicide, McyoUp (Glomus iranicum var tenuihypharum).
Source: Agrow