Excel Crop Care merges with Sumitomo Chemical India
Crop Care (ECC) and Sumitomo Chemical India (Sumitomo Chemical India) resolved on a merger subject to receipt of all regulatory and other approvals as per applicable laws.
Upon completion of the intended merger, the new Sumitomo Chemical India will fully leverage the rich product portfolio and established sales network of ECC and Sumitomo Chemical in a mutually complementary manner. It will also lead to more focused and efficient use of their management resources so that the company will become a leading player in India’s crop protection market which holds the promise of continued high growth. Outside India, the new Sumitomo Chemical India will make the most of the two companies’ overseas sales networks to achieve a further expansion in sales.