Nufarm, Valent de Mexico Form Strategic Alliance in Mexico
BURR RIDGE, Ill., Feb. 16, 2011 /PRNewswire/ -- Nufarm Americas and Sumitomo Chemical Company's affiliate Valent de Mexico (VdM) intends to form a strategic alliance in Mexico to distribute crop protection products. Nufarm will provide selected products from its line of herbicides, insecticides and fungicides to VdM, which will offer those products through its well-established existing distribution channel.
"Nufarm and SCC are working together in many regions of the world to explore alliances that can capitalize on each of our strengths and we are pleased to find this opportunity in Mexico," says Robert Renes, Nufarm vice president for Latin America North. "The combination of our broad product line and VdM's distribution channel relationships will benefit both companies and our customers."
Renes adds that VdM and Nufarm offerings are complementary; in Mexico, VdM has focused on specialty crops and branded products, while Nufarm is one of the world's largest suppliers of herbicides for broad-acre crops as well as a wide array of fungicides and insecticides.
VdM will have exclusive rights to sell certain Nufarm products to its distributors under private branded labels. Nufarm will continue its model of selling product to industrial customers. The final agreement is expected to be completed by the end of the first quarter.
Nufarm Americas, Inc. is a subsidiary of Nufarm Limited, a manufacturer, supplier and marketer of crop protection products based in Australia. Nufarm is recognized as one of the leading agricultural and turf chemical manufacturers in the world. Nufarm Americas, Inc. formulates products that serve the agricultural, professional turf, vegetation management and forestry markets in North America.
About Valent de Mexico
Valent de Mexico is a wholly owned subsidiary of Sumitomo Chemical Company, Limited. Sumitomo Chemical is one of Japan's leading chemical companies, offering a diverse range of products globally in the fields of basic chemicals, petrochemicals, fine chemicals, IT-related chemicals and materials, agricultural chemicals, and pharmaceuticals. The company's consolidated net sales for fiscal 2009 were US$17.4 billion (JPY1.62 trillion). For additional information, visit the company's website at www.sumitomo-chem.co.jp/english/.
SOURCE Nufarm Americas, Inc.
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