Ladderup has acted as exclusive financial advisor to Coromandel Agrico Private Limited based at Delhi for buying the Agro Formulation Division from Punjab Chemicals and Crop Protection Limited by way of slump sale.
Commenting on the transaction, Mr. Anand Pradeep Kumar, Managing Director of Coromandel Agrico Private Limited, said:
The transaction would help Coromandel increase its product portfolio, mainly the sulphur based formulations along with other agrochemical formulations. The acquisition would also help Coromandel strengthen its distribution network.
Coromandel would also get manufacturing presence in western India through this acquisition.