• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest
• The New Manager

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

– Paul Noronha

Acquisition mode: Mr Guruji Narayana (left), Chairman, Punjab Chemicals and Crop Protection Ltd, with Mr Shalil Shroff, Managing Director, at a press conference in Mumbai on Monday.

Our Bureau

Mumbai, Aug. 27 Punjab Chemicals and Crop Protection Ltd (PCCPL), an agrochemical company, said that it has acquired the Netherlands-based Pegevo Beheer BV for €39.5 million (Rs 225 crore).

Pegevo undertakes substance formulation for crop protection with a product range of herbicides, insecticides and fungicides. Pegevo’s products are registered in the Netherlands, Belgium, the UK, France, Germany, Ireland, Denmark, Italy, Slovakia, Czech Republic, Belarus and Switzerland.

Pegevo is organised as a holding company with different subsidiaries undertaking production, trading and facilities management activities. Pegevo (AgriChem) has a crop protection registration department, in-house R&D and quality control facilities and its own formulation facilities.

Mr Shalil Shroff, Managing Director, PCCPL, said, “With this acquisition, we are looking at entering the EU market with our own formulation brand. With second acquisition within a year, we are looking at capitalising on registrations throughout our overseas markets.”

More Stories on : Mergers & Acquisitions | Chemicals

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Nicholas Piramal to take up research unit revamp at board meet

Copyright © 2007, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line