Mergers and acquisitions continue in the world of agricultural pesticides as big companies get bigger. Adama Agricultural Solutions, formerly known as Makhteshim Agan Industries Ltd., is an Israeli manufacturer and distributor of branded off-patent crop protection products including herbicides, insecticides and fungicides. It is being merged into a Chinese company for eventual purchase by ChemChina.
The deal is expected to be completed by June 2017.
Adama's management, headed by Chen Lichtenstein, will continue leading the merged company which will become the world's only global Chinese agrochemical company.