By: ICN Bureau
Last updated : August 21, 2024 9:59 am
Plant Health Care Plc has become wholly owned subsidiary of PI LLC
PI Industries announced that the acquisition of Plant Health Care (PHC) Plc, a UK incorporated company traded on AIM, a market operated by the London Stock Exchange by PI Industries Management Consultancies, a wholly owned subsidiary of the company (PI LLC) by means of a court-sanctioned scheme of arrangement has been completed.
With effectiveness of the scheme, Plant Health Care Plc has become wholly owned subsidiary of PI LLC and a step down subsidiary of the company, on and from 20 August 2024.
PHC’s acquisition aligns with PI’s long-term strategic objective to build a differentiated portfolio of integrated solutions for sustainable agriculture. PI's growth in biologicals has been consistent with a portfolio of 8 products and many more in the development and registration pipeline.
With PHC, PI will gain access to cutting-edge biological/peptide technology platforms in the “Plant Immunity Inducers” space.