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United Phosphorus Buys Colombian Agrochemicals Firm

8:58 AM MST | February 18, 2008 | Deepti Ramesh

United Phosphorus (UPL; Mumbai) says it has acquired generic agchem marketing company Evofarms (Bogota, Colombia) in an all cash deal. Financial terms of the deal were not disclosed. Evofarms has several product registrations in Colombia and has a distribution network covering over 100 customers. The share purchase by UPL includes all stocks, products registrations and all other property rights of Evofarms. “UPL had been actively pursuing opportunities for growth in Latin America. Evofarms represents UPL’s first acquisition in the Andean region which is an...

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