Agro chemical company Best Agrolife Limited acquires Best Crop Science Pvt Ltd. This acquisition will help Best Agrolife Limited to increase its revenue by 40% on the back of these in-demand products, the company said in its statement.
This acquisition will further help Best Agrolife Ltd. in diversification of risk and strengthening of its manufacturing base with addition of another State-of-the-art Technical Manufacturing Unit situated at Gajraula, Distt. – Amroha, Uttar Pradesh, it added.
“With in house strong R&D Support, much backward Integration Facilities supported by separate Autoclave Hydrogenation Plant, Product Registrations & An Access to huge markets, this acquisition comes out with a strong synergistic equation between the two companies which will not only bring higher efficiency and growth in turnover alone but also will minimize dependency on import and will thus reflect a substantial impact on EBITDA Margins also of Best Agrolife Limited. We will be able to fill critical service gaps with this acquisition & this will enable us to utilise our expertise in increasing the reach through our strategic alliances with leading agrochemical companies of India & through an extensive network of 3000+ distributors and dealers. Of course, one of the by-products of this M&A would be the distinct ability to serve the market better. We intend to play a vital role in the effective Pest & Disease Management by providing best farming solutions, improving the yield and profitability of farmers across the globe,” says Vimal Alawadhi, Managing Director – Best Agrolife Limited.
