- UPL Corp has completed the acquisition of Corteva
Agriscience's global mancozeb fungicide business outside of
China, Japan, South
Korea, UK, Switzerland and
EU member countries
- Mancozeb is a highly effective fungicide used to prevent
plant diseases across a range of crops
LONDON, April 23, 2024 /PRNewswire/ -- UPL Corporation
Ltd. (UPL Corp), a global provider of holistic and sustainable
agricultural solutions, announces that it has completed the
acquisition of Corteva Agriscience's solo mancozeb global fungicide
business outside of China,
Japan, South Korea, UK, Switzerland and EU member countries.
The acquisition is set to strengthen UPL Corp's portfolio of
solutions and leadership in the multisite fungicide market, giving
the company ownership of Dithane®, the original global mancozeb
brand which has provided farmers with a reliable disease management
solution, as well as access to Rainshield™ technology which enables
crop protection in wet weather conditions.
Christina Coen, Chief Marketing
Officer for UPL Corp, said "We recognize mancozeb's vital role not
just in protecting crops, but in safeguarding global food security
and transforming farmer livelihoods. This acquisition cements our
leadership in the multi-fungicide market and enables us to continue
adding to our ever-growing portfolio of farmer-first solutions, and
expanding the use of this vital molecule for years to come. We are
committed to ensuring a smooth transition for all customers, and
look forward to helping growers produce sustainable crop yields and
future-proof food security."
The acquisition is limited to Corteva's solo formulations of
mancozeb, with Corteva retaining ownership of premix formulations.
With the deal, UPL Corp has acquired access to the full regulatory
scientific dossier of mancozeb including all data, registrations,
trademarks for Corteva's solo mancozeb products, and a license to
the Rainshield™ technology.
For more information, please contact:
Reina
Behmber
Head of Global Marketing Communications
UPL Corp
Email: reina.behmber@upl-ltd.com
About UPL Corp
UPL Corporation Ltd. (UPL Corp) is a leading global crop
protection and biological solutions company defining the future
through sustainable agriculture and a grower-first mindset. With a
robust portfolio of holistic solutions, UPL Corp aims to create
shared growth and prosperity for farming communities, agriculture,
and our planet. As the largest of UPL Group's pureplay platforms,
UPL Corp contributes to more than $5bn in annual revenue and is a leader in
fostering collaboration through OpenAg® to develop advanced
technologies for crop health and productivity. Follow us on
LinkedIn.
About UPL Group
UPL Ltd. (NSE: UPL, BSE: 512070, LSE GDR: UPLL) is a global
provider of sustainable agricultural products and solutions that
cover the entire agrifood value chain. With annual revenue
exceeding $6bn, the company is one of
the largest agriculture companies worldwide, serving growers in
more than 130 countries. UPL Group consists of four pure-play
platforms that include UPL Corporation Ltd. (UPL Corp); UPL
Sustainable Agri Solutions (SAS); Advanta Enterprises Ltd.; and UPL
Specialty Chemicals Ltd. (USCL). Together, these platforms are
dedicated to Reimagining Sustainability and driving progress in our
food system through our innovative OpenAg® approach. To learn more
about UPL, please visit upl-ltd.com/ca and follow us
on LinkedIn, X, and Facebook.
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