The company becomes the first agrochemical company in India to manufacture and market Trifloxystrobin Technical, a fungicide that has demand in North America, Europe, Asia-Pacific, South America Middle East, and Africa
Agrochemical company Best Agrolife has acquired the strength of backward integration supported with robust R&D Synthesis in the manufacturing of active ingredients of herbicides, insecticides and fungicides by acquiring Best Crop for a Rs 101.6 crore deal. The acquisition will further help Best Agrolife in the diversification of risk and strengthening of its manufacturing base with the addition of another state-of-the-art technical manufacturing unit situated at Gajraula, Amroha, Uttar Pradesh.
Recently Best Crop Science got the Central Insecticide Board & Registration Committee’s nod for indigenous manufacturing of Trifloxystrobin Technical u/s 9(3) also. With this new addition, the company becomes the first agrochemical company in India to manufacture and market Trifloxystrobin Technical, a fungicide that has enormous demand in the domestic and global markets of North America, Europe, Asia-Pacific, South America Middle East, and Africa. The acquisition will help Best Agrolife to increase its revenue by 40 per cent on the back of these in-demand products.
“The acquisition comes out with a strong synergistic equation between the two companies which will not only bring higher efficiency and growth in turnover alone but also will minimise dependency on import and will thus reflect a substantial impact on EBITDA margins also of Best Agrolife. We will be able to fill critical service gaps this acquisition will enable us to utilise our expertise in increasing the reach through our strategic alliances with leading agrochemical companies of India and an extensive network of 3000 + distributors and dealers. Of course, one of the by-products of this M&A would be the distinct ability to serve the market better. We intend to play a vital role in the effective pest and disease Management by providing best-farming solutions, improving the yield and profitability of farmers across the globe,” says Vimal Alawadhi, MD – Best Agrolife.
