Advent Expands Agrochemical Portfolio with Viakem
Mexico:
Advent
International, a Mexico-based & one of the largest global private equity
investors, has announced to acquire VIAKEM S.A. de C.V., a leading Mexico-based
manufacturer of fine chemicals for the global agrochemical industry. VIAKEM
is the only South American custom and toll manufacturer of crop protection
chemicals meeting the needs and expectations of global agrochemical companies.
The company has developed strong relationships with the largest agrochemical
players and is focused on offering integral solutions to the chemical industry.
The deal is expected to close in the third quarter of 2016. After the deal,
VIAKEM will go on serving its clients worldwide in regard of its appropriate
geographic location and reasonable cost structure.
TechSci Research depicts that this acquisition would strengthen
the market position of VIAKEM S.A. de C.V. and Advent International in global agrichemicals
market. Advent’s resources and knowledge will add to VIAKEM’s long term
business strategies, with an emphasis on R&D. The company will maintain
production standards as the company is coming into new product markets and
expanding its dominant position in South America and globally.
According to the
recent report published by TechSci
Research, “Global Water Soluble Fertilizers Market By Type, By
Composition, By Grade, By Structure, By Application, By Crop, By Region, By
Sales Channel, Competition Forecast and Opportunities, 2011-2021”, the global
market for water soluble fertilizers is projected to grow at a CAGR of more
than 5% over the next five years, on account of growing demand for food grains,
depleting water levels, shrinking availability of arable land, coupled with
high efficiency and ease of usage of water soluble fertilizers as compared to
conventional chemical fertilizers