United Phosphorus acquires Supertin & Vendex from Dupont

United Phosphorus Ltd has announced that the Company has acquired from DuPont, its global triphenyltin hydroxide contact fungicide (TPTH) and fenbutatin-oxide miticide (TNTO) businesses, marketed primarily as Super Tin ® and Vendex ® respectively.

Triphenyltin hydroxide is a contact fungicide used mainly on potatoes, sugar beets and pecans. Fenbutatin-oxide is one of the largest tin acaricide used on various crops such as citrus and pome fruit. Both products will strengthen the Company's position in the fruit, nut, vegetable and row crop markets, which was significantly enhanced in 2006 with the acquisition of Cerexagri, who has had a long-standing marketing alliance with DuPont on TPTH.

Under this agreement, the Company and its subsidiaries throughout the world will be selling triphenyltin hydroxide and fenbutatin-oxide and its formulations as of October 01, 2007. Until then, DuPont will be acting as agent for the Company and its subsidiaries.

This purchase follows six acquisitions in 2006, which allowed the Company to become the third largest global generic agrochemical Company. The Company is engaged in research, manufacturing and distribution of agrochemicals and specialty chemicals across the globe. Revenues for the year ended March 2007 were in excess of $600 million.

Source : Equity Bulls

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