UPL to buy Arysta LifeS­cience for $4.2 bil­lion

Chemical Industry Digest - - News & Views -

UPL, along with Abu Dhabi In­vest­ment Author­ity (ADIA) and pri­vate eq­uity firm TPG, an­nounced the ac­qui­si­tion of Arysta LifeS­cience for about $4.2 bil­lion in cash. This ac­qui­si­tion will make UPL one of the world’s largest crop pro­tec­tion com­pa­nies.

ADIA and TPG Cap­i­tal Asia will in­vest $1.2 bil­lion ($600 mil­lion each) for a 22% com­bined share­hold­ing in UPL Corp. to fa­cil­i­tate UPL Corp’s $4.2 bil­lion ac­qui­si­tion of 100% of Arysta. The deal, sub­ject to reg­u­la­tory ap­provals, is ex­pected to be com­pleted by early next year, as re­ported in The Eco­nomic Times.

Arysta LifeS­cience, a unit of Wil­liam Ack­man-backed Plat­form Spe­cialty Prod­ucts Cor­po­ra­tion, makes agro­chem­i­cals to pro­tect crops from weeds, in­sects and diseases.

The Arysta ac­qui­si­tion will help UPL en­hance its so­lu­tions to fit lo­cal farm­ing needs and bring in syn­er­gies that can ben­e­fit its op­er­a­tions in over­seas mar­kets.

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