Crystal Crop acquires Ethoxysulfuron from Bayer AG
Crystal Crop Protection Ltd has announced the global acquisition of the active ingredient “Ethoxysulfuron” from Bayer AG for sale in certain Asian countries. This acquisition marks Crystal’s 13th strategic transaction and second acquisition from Bayer after acquiring Indian Cotton, Pearl Millet and Mustard seed portfolio in 2021.
Backed by International Finance Corporation, Crystal Crop is an R&D-based crop solution company delivering advanced, farmer-centric solutions for over four decades.
A media statement said this is amongst the largest acquisitions of Crystal, which shall boost its EBITDA by 20 per cent while bolstering its leadership in the rice herbicide market.
Aligning with mission
The transaction brings the Sunrice trademark and the mixture product containing Ethoxysulfuron, along with all registrations. Ethoxysulfuron is known for effectively controlling broad-leaved weeds and sedges in rice and cereal crops. The acquisition aligns with Crystal’s mission of providing cost-effective, sustainable solutions by manufacturing the product locally, resulting in enhanced cost synergies and accessibility for farmers in India, South Asia, and South-East Asia (including Vietnam, Bangladesh, Thailand and Pakistan), the statement said.
Quoting Ankur Aggarwal, Managing Director of Crystal Crop Protection Ltd, the statement said: “This acquisition is a testament to our focus on strengthening our portfolio with solutions that truly make a difference to farmers’ lives. With this transaction, we are taking a step forward in empowering farmers with advanced weed management solutions. By leveraging our strong distribution network and manufacturing capabilities, we will ensure that these solutions reach farmers efficiently across India, South Asia and South-East Asia.”