Sector News

ADAMA reports on progress towards Anpon acquisition

January 3, 2019
Chemical Value Chain

Get involved in the discussion! Click here to comment on this story

Leading global crop protection company ADAMA Ltd. today reported that it is making significant progress towards the potential cash acquisition of Jiangsu Anpon Electrochemical Co., Ltd. With 2017 sales of RMB 1,643 million (approximately $234 million) and located in Huai’An City, Jiangsu Province, Anpon is a fully backward-integrated manufacturer of key active ingredients used in crop protection markets worldwide, most notably Ethephon, Pymetrozine and Buprofezin, as well as intermediates such as chlor-alkali and other products, with advanced membrane production technology. Anpon is wholly-owned by ChemChina, ADAMA’s controlling shareholder.

In recent years, ADAMA benefited from Anpon’s strong manufacturing position, enhancing its portfolio with products and differentiated mixtures based on Anpon’s molecules. The Company has been able to build market-leading positions in major markets such as the US, India and Australia. In China, Anpon brings a portfolio of product registrations to the ADAMA product offering, as well as a domestic sales force.

Anpon is fast becoming a key part of ADAMA’s global operations, adding significant synthesis and formulation capabilities to the Company’s China operational hub. Anpon is located adjacent to ADAMA’s new global formulation facility, facilitating robust and continuous exchange of expertise and knowledge-sharing between the teams. Work at ADAMA’s state-of-the art R&D facility in Nanjing is resulting in major process improvements in the Anpon production processes.

The parties have reached initial understandings on the intended transaction and are now working towards signing of a definitive purchase agreement. Any such agreement will be subject to the requisite corporate approval procedures as well as customary closing conditions, including the receipt of all required regulatory approvals. No financial details have been disclosed at this stage.

Source: ADAMA Ltd.:

Join the discussion!

Your email address will not be published. Required fields are marked *

Related News

November 15, 2019

The new era of sustainable supply chains

Chemical Value Chain

LinkedIn Twitter FacebookTo improve sustainability, materials manufacturers are welcoming new digital technologies and process innovations into their global supply chains From palm oil to plastics, the global supply chains of […]

November 14, 2019

Current chems recycling not enough to make significant dent in oil demand – IEA

Chemical Value Chain

LinkedIn Twitter FacebookChemicals recycling technologies that would pave the way for petrochemicals to avoid crude oil as feedstock are still not sufficient to drag down overall demand in coming decades, […]

November 13, 2019

Gabriel acquires select portfolio of alkyd resins from Deltech

Chemical Value Chain

LinkedIn Twitter FacebookUS-based leading speciality chemicals firm Gabriel Performance Products has acquired a selected portfolio of alkyd resins from Deltech Resin. Terms of the transaction were not disclosed. The acquisition […]

Subscribe to our Weekly Newsletter

We're easy to reach