UPL to Acquire Laoting Yoloo Bio-technology Co., Ltd.
MUMBAI, 18 November 2019 UPL Limited (“UPL”), through one of its subsidiaries at Hong Kong, hasentered into a definitive agreement to (i)acquire 100% shares of Yoloo (Laoting) Biotechnology Co.,Ltd. (“Laoting Yoloo”), an agrochemical company based in Heibei Province, China, from Beijing YolooBioTechnology Corp., (“Beijing Yoloo”) and (ii) issue 25% shares out of its Subsidiary to BeijingYoloo.Laoting Yoloo Biotechnology Co, Ltd has more than 100 product registrations, about 1200 distributorcontacts, and 240+ employees. The closing of the transaction is conditional upon receiving certainregulatory approvals and fulfilling other conditions.As world’s largest food producer, China is an important market for UPL. Laoting Yoloo has built strongrelationships with multinational companies over many years and has developed a large customer base.As a UPL affiliate, Laoting Yoloo will benefit from UPL's progressive offerings, broad financialresources, global footprint, product technology, manufacturing knowhow, and leading market presence.UPL will gain from Laoting Yoloo's broad distribution base, product registrations and access to theChinese domestic market creating a strong footprint for growth in China. The company also intends tooptimize Laoting Yoloo's manufacturing facilities to augment our global production capabilities. UPLwill build on the relationships that Laoting Yoloo has cultivated and serve their customers with a widerportfolio.Commenting on the acquisition, UPL’s Global CEO Jai Shroff said, “Through our purpose “Open Ag”,our goal is to create an open network for agriculture, activating connections across the world’s agriculturesystem. It aims to power new levels of sustainable growth – for farmers, for producers, for customers, forpartners and for societies everywhere. UPL’s acquisition of Laoting Yoloo will enhance our ability toachieve this purpose”.Shroff further added: “Farmers need technologies that help them to be more resilient and enhanceperformance even in the face of climate change, and to meet the increasing demands of ever more complexfood systems”.With over five decades of experience working with smallholder farmers, UPL has a deep understandingof farmer needs worldwide and is very excited about the prospect of bringing its platform of technologiesto Chinese farmers. UPL will offer broader choice, greater value and increased sustainability to foodgrowers in China, helping to contribute towards greater food security for the world.
About UPLUPL is a leader in global food systems and with the acquisition of Arysta LifeScience, is now one of thetop 5 agricultural solutions companies worldwide. With a proforma revenue of US$ 4.7 billion, UPL hasa presence in over 130 countries. With market access to 90 percent of the world’s food basket and focusedon high-growth regions, UPL represents a compelling value proposition for growers, distributors,suppliers and innovation partners in a consolidating market. The company offers an integrated portfolioof both patented and post-patent agricultural solutions for various arable and specialty crops, includingbiological, crop protection, seed treatment and post-harvest solutions covering the entire crop value chain.
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孟买讯:公司通过其香港子公司将从北京燕化永乐生物科技有限公司(北京永乐)收购其位于河北省的燕化永乐(乐亭)生物科技有限公司(乐亭永乐)100%的股份,并向北京永乐发行该香港子公司25%股份。相关协议已经最终签署,相关交易的完成还将取决于法律和相关监管部门的审批并满足其他条件。乐亭永乐在中国拥有100多个农化产品登记证,大约1200个分销商,以及240余名员工。此外,乐亭永乐多年来与跨国公司建立了牢固的关系,并建立了庞大的客户群。作为世界最大的食品生产国,UPL 认为中国是其重要市场。
作为UPL的子公司,乐亭永乐将受益于UPL的财务资源,全球市场,产品技术,制造专业知识以及领先的市场地位。UPL将受益于乐亭永乐在中国广泛的分销基础,产品登记以及进入中国国内市场的机会,这将为其在中国的增长奠定坚实的基础。
UPL 计划优化乐亭永乐的生产设施以增强其全球生产能力。此外,公司将以乐亭永乐已经建立的客户关系为基础,以更丰富的产品组合为客户提供服务。
UPL全球首席执行官Jai Shroff在评论此次收购时说:“我们的目标“Open Ag ”是建立一个开放的农业网络,激活全球农业系统之间的联系。它旨在为农民,生产者,客户,合作伙伴以及世界各地的社会提供新的可持续增长动力。UPL对乐亭永乐的收购将增强我们实现这一目标的能力。” Shroff进一步补充道:“即使在面对气候变化的情况下,农民也需要能够帮助他们提高抵御能力和增强收益的技术,并满足日益复杂的食品系统不断增长的需求”。
关于UPL
通过收购Arysta LifeScience,UPL 现已成为全球5大农业解决方案公司之一。 UPL的销售收入为47亿美元,业务遍及130多个国家。UPL拥有与小农户合作的五十多年经验,对全球农民的需求有深刻的了解,公司为将其技术平台带给中国农民的前景感到非常兴奋。UPL将为中国的粮食种植者提供更广泛的选择,更大的价值和更高的可持续性,从而为世界粮食安全做出更大贡献。
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