Mumbai, India
June 3, 2010

United Phosphorus Limited (UPL) today announced it has purchased global non-mixture mancozeb fungicide business and related assets from DuPont, including existing inventory, manufacturing and formulation production facilities in Barranquilla, Colombia. Financial terms of the acquisition were not disclosed.

UPL will receive rights to registered brands for non-mixture mancozeb products, trademarks, as well as registrations and supporting regulatory data for those products, which include Manzate® brand fungicides.

Mancozeb is a broad spectrum contact fungicide effective on a wide range of crops. This purchase will further strengthen UPL’s position in the EBDC  (Ethylenebisdithiocarbamates) segment. Under this agreement, UPL and its subsidiaries throughout the world can start selling Manzate® and its formulations immediately.

“This acquisition provides UPL an opportunity to further strengthen its already strong fungicide business catering to the high value crops and the high growth emerging markets including South and Central America,” said Jai Shroff, CEO, UPL. “UPL’s balance sheet is well positioned to take advantage of any inorganic opportunities upcoming in the global Agrochemical space and this transaction which has come after a long time from the UPL stable is one such step in its inorganic growth strategy”.

UPL is the largest Indian agrochemical Company and is engaged in research, manufacturing, selling and distribution of agrochemicals and specialty chemicals across the globe. The Company’s revenue for the year ended March 2010 was about US$ 1,142 million.

Website: http://www.uplonline.com

Published: June 3, 2010