<http://www.dealcurry.com/2010063-United-Phosphorus-Acquires-DuPont-s-Fungicide-Business.htm>
*United Phosphorus Ltd* has acquired *DuPont's* fungicide business. The business includes the global non-mixture *mancozeb* fungicide business and related assets from DuPont and also includes existing inventory, manufacturing and formulation production facilities in the US. The deal gives UPL the rights to register brands for non-mixture mancozeb products, trademarks, registration and supporting regulatory data for those products and would help to sell *Manzate* (fungicide) and its formulations to strengthen its fungicides business in South and Central American markets. <http://www.financialexpress.com/news/upl-buys-duponts-fungicide-business/628836/> Transaction Note *E.I. du Pont de Nemours and Company*, commonly referred to as DuPont is a US based chemical company. DuPont is currently the world's second largest chemical company (behind BASF) in terms of market capitalization and fourth (behind BASF, Dow Chemical and Ineos) in revenue. UPL is engaged in research, manufacturing, selling and distribution of chemicals across the globe. The company's revenue for the year ended March 2010 stood at $1,142 Mn. UPL conducts its business in three segments - Agro Chemicals, Speciality Chemicals and Industrial Chemicals. Recently this year, UPL through its subsidiary *Advanta India Ltd* bought 100% stake in US-based *Crosbyton Seed Company* for an undisclosed amount. Another company in this domain - Dorf Ketal is planning to buy UK-based Johnson Matthey’s Vertec business for around Rs.200 Cr. -- Regards Hardik Shah -- You received this message because you are subscribed to the Google Groups ""GLOBAL SPECULATORS"" group. To post to this group, send email to [email protected]. To unsubscribe from this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/globalspeculators?hl=en.
