ADAMA Ltd. and Jiangsu Huifeng Bio Agriculture Co., Ltd today reported that they have completed the second and final phase of their previously announced transaction. In this phase, ADAMA has closed the acquisition of a 51% stake in Huifeng's key crop protection synthesis and formulation facilities.

 

Following the completion of both Phases I and II, ADAMA now owns 51% of the equity in both Dibai and ADAMA Huifeng (Jiangsu) Co., Ltd., providing ADAMA with a majority stake in one of China’s leading crop protection manufacturers, and significantly bolstering ADAMA’s commercial presence in the China crop protection market. Through this transaction, ADAMA now gains access to backward-integrated and competitive positions in key global molecules, expected to drive significant growth through ADAMA’s worldwide market reach.

 

“With the completion of the acquisition of the majority stakes in both Huifeng’s commercial and operational activities, we are better positioned than ever to succeed in achieving our growth ambitions in China and globally, with significantly bolstered commercial reach in China and competitive operational capabilities to support our global business. We welcome the Huifeng team to the ADAMA family, and look forward to further realizing our vision of creating a leading crop protection business in China,” said An Liru, SVP China for ADAMA.