IHS Chemical Week

Markets :: Fine Chemicals/Biotech :: Agricultural chemicals

Sumitomo buys US pest control, agrobusiness firms

2:58 PM MST | December 24, 2012 | —Deepti Ramesh

Sumitomo Chemical has announced the acquisition of two US-based companies that will increase its presence in the postharvest and pest control markets. The company says its wholly owned Valent BioSciences (Libertyville, IL) subsidiary has signed a definitive agreement to acquire Pace International (Seattle), a global leader in the postharvest segment of commercial agriculture with operations in the United States, Mexico, and South America, for $65 million. Separately, the company announced it acquired a controlling in McLaughlin Gormley King (MGK...

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