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Sumitomo Acquires Fungicide Business from LG Life Sciences

6:05 AM MST | December 9, 2011 | —DEEPTI RAMESH

Sumitomo Chemical says it has signed a deal to acquire the ethaboxam fungicide business of LG Life Sciences (Seoul), an affiliate of LG. 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, and corn as well as other row crops, Sumitomo says. LG Life Sciences, under the agreement with Sumitomo, will toll manufacture the product’s technical grade for supply to Sumitomo. Financial details of the...

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