Page 144 - CW E-Magazine (9-7-2024)

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BOOSTING BIOLOGICALS

PI Industries to acquire UK’s Plant Health Care

for around Rs. 400-crore

Udaipur-based agrochemicals Inducers” space, the company said in
company PI Industries Ltd. said that a release. PI already has a portfolio of
its board of directors has authorised 8 products in biologicals and more in
the acquisition of Plant Health Care the development and registration pipe-
Plc (PHC) for approximately 32.8-mn line. Revenue from biological products
pounds (around Rs. 400-crore). increased by over 29% in FY24, it added.

The acquisition is proposed to be By combining these with other
done through a wholly-owned inter- complimentary technologies and a
national subsidiary of PI Industries and pipeline of chemical products, PI will
the deal is to be paid in cash and funded traction in recent years, particularly have a “double engine” to generate a
from the earlier Qualifi ed Institutional through the registration and commer- portfolio of products that will feed into
Placement (QIP) proceeds. cialisation of its patented ‘PREtec’ well-oiled sales engines in India and
peptide products. important overseas markets, the press
PHC is an AIM UK-listed company, note stated.
with subsidiaries in the United States, PI said the acquisition aligns with
Brazil, Mexico, and several other coun- its long-term strategic objective to build The acquisition is subject to a
tries. The company is well-known for a differentiated portfolio of integrated number of conditions, including the
its products, intellectual property, and solutions for sustainable agriculture. scheme’s effi cacy through a UK court
experience with protein/peptide tech- With PHC, PI will gain access to cut- process and acceptance by a majority
nology in the agricultural biological ting-edge biological/peptide techno- of PHC shareholders who own at least
arena. PHC’s technology has gained logy platforms in the “Plant Immunity 75% of the shares.

NEW APPOINTMENT

Dirk Backhaus joins Sajjan India as Independent

Director
Sajjan India Ltd., a leading contract strategic foresight will be
development and manufacturing com- crucial in steering Sajjan
pany (CDMO) of specialty chemicals towards new growth and
and active ingredients for agrochemi- opportunities.
cals, pharmaceuticals and other indus-
tries, has announced the appointment Commenting on his
of Dr. Dirk Backhaus as its independent delivery of crop protection and seed pro- appointment, Dr. Backhaus said, “I am
director. ducts globally. He also held board posi- convinced about the important role and
tions at Cefi c, CropLife International growth potential of the chemical indus-
Dr. Backhaus has nearly three Operations committee, and the VCI try in India, in particular given the cost
decades of experience in the crop science (association of chemical industries) challenges in Europe and growing geo-
and agrochemical sectors. He previously North Rhine-Westphalia. political risks around China. I aim to
served as Member of the executive utilise my experience in the agrochemi-
leadership team and Head of Product Mr. Rajesh Kumar Srivastava, cal industry to offer strategic guidance
Supply for Bayer’s Crop Science Managing Director & CEO of Sajjan and support to drive forward the com-
Division, overseeing planning, sourc- India, said that Dr. Backhaus’ extensive pany’s vision of innovation and excel-
ing, development, manufacturing, and expertise in the agrochemical sector and lence in the chemical industry”.

144 Chemical Weekly July 9, 2024

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