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Sumitomo to Acquire a Fungicide Business from LG Life Sciences

12:25 AM MST | December 6, 2011 | Deepti Ramesh

Sumitomo Chemical says it has signed a deal with LG Life Sciences (Seoul), an affiliate of LG, to acquire its ethaboxam fungicide business. The acquisition will be completed this month. Ethaboxam fungicide is highly effective on a range of diseases such as downy mildew, late blight and pythium disease, in several crops including grapes, vegetables, potatoes, corn and other row crops, Sumitomo says. Financial details of the deal were not disclosed. The compound was developed by LG Life Sciences and has been on the market in various countries since 2005, mainly for...

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