A round-up of important industry events of the past month
Crystal Crop Protection Limited, an R&D based crop protection manufacturing and marketing company, has strengthened its insecticide and herbicide portfolio by acquiring the brands Furadan, Splendour, Metc-il and Affinity Force from FMC Corporation. The company has also signed a Letter of Intent with Keygene N.V., Netherlands to explore a strategic collaboration for developing products through sharing of technology and novel breeding techniques that benefit farmers by increasing farm profitability. Commenting on the acquisition, Managing Director Ankur Aggarwal said, “We believe in acting as an enabler for 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 such inorganic growth opportunities in the future too.” This is the company’s third acquisition in 2018 and these collaborations are part of Crystal’s strategy to add value to its business and grow its market share.