Univar Buys Tagma Brasil
Chemicals distribution group Univar has acquired Tagma Brasil for an undisclosed sum, expanding its presence in the agricultural market.
Based in Paulinia, Sao Paolo, Brazil, Tagma is a leading provider of custom formulation and packaging services for crop protection chemicals, including herbicides, insecticides, fungicides and surfactants. According to Univar, Tagma formulates more than 200 registered crop protection products.
Steve Newlin, Univar’s chairman and CEO, said Brazil was the world’s fastest-growing agricultural market, with agriculture and agro-food exports of more than $89 billion and a domestic market serving nearly 210 million people. Mike Hildebrand, Univar’s president of Canada, Agriculture and Environmental Sciences, added that the market was increasingly turning toward crop yield protection and biological add-ons.