Univar Inc. announced today that its wholly owned subsidiary Univar Brasil Ltda. has acquired the stock of Tagma Brasil Ltda.
“Brazil has agriculture and agro-food exports of more than $89 billion USD and a domestic market that serves nearly 210 million people. This acquisition expands Univar’s agriculture business in one of the world’s fastest-growing agricultural markets,” said Steve Newlin, Univar’s chairman and chief executive officer. “In addition, Tagma’s formulation and packaging capabilities will enhance the value proposition for several of our key global supplier partners, and Tagma’s strong culture of safety, integrity and quality will be an excellent complement to Univar’s already robust agricultural business in North America.”
In Brazil, Tagma is a leading provider of custom formulation and packaging services for crop protection chemicals that include herbicides, insecticides, fungicides and surfactants. Tagma formulates more than 200 registered crop protection products and provides conception and preparation of new formulations; adaption of existing formulations; and technical assistance with processing and regulatory requirements.
“Joining Univar positions us well to be a more valuable, more relevant partner to existing and future global customers who are looking for supply chain solutions, and I am confident this will create opportunities and growth for our current employees,” stated José Carlos Leite, president of Tagma.
“Tagma allows us to more holistically serve customers in an agriculture market that is increasingly turning toward crop yield protection and biological add-ons,” added Mike Hildebrand, Univar’s president of Canada, Agriculture and Environmental Sciences. “We welcome this opportunity to expand Univar Brasil’s formulation and packaging capacity, which will allow us to serve our customers with increased capabilities and provide our suppliers with expanded market reach.”
Source: Univar
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