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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

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