Hokuko Chemical Industry Co., Ltd signed a basic agreement to acquire Benzofenapa and Bensfuresate Active Ingredients and Containing Agents Business of OAT Agrio Co., Ltd. from OAT Agrio Co., Ltd..
August 12, 2021
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Hokuko Chemical Industry Co., Ltd signed a basic agreement to acquire Benzofenapa and Bensfuresate Active Ingredients and Containing Agents Business from OAT Agrio Co., Ltd. (TSE:4979) on August 13, 2021. The consideration shall be paid in cash. The transfer agreement is planned to be signed by the end of September 2021. The transaction does not require a resolution at the shareholders meeting. The transaction is expected to close in end of September 2021.
OAT Agrio Co., Ltd. is a Japan-based company primarily engaged in the manufacture and sale of fertilizers and pesticides. The Company primarily provides insecticides, including benfuracarb, sodium oleate, alanycarb, tolfenpyrad, cyflumetofen, crystal toxin producing bacillus thuringiensis bacteria and propylene glycol esters of fatty acids; fungicides, including flutianil, oxpoconazole fumarate, potassium hydrogen carbonate and calcium polysulfide; herbicides, such as cyanate, as well as plant growth regulators, among others.
Hokuko Chemical Industry Co., Ltd signed a basic agreement to acquire Benzofenapa and Bensfuresate Active Ingredients and Containing Agents Business of OAT Agrio Co., Ltd. from OAT Agrio Co., Ltd..
OAT AGRIO CO., LTD. 
