Londerzeel, Belgium
April 11th 2013

Belchim Crop Protection announces today that it has agreed to acquire ISEM’s fungicide technologies valifenalate and IR 8854 for an undisclosed amount. This acquisition will expand the range of products that Belchim Crop Protection offers to potatoes, vines and vegetables growers and will extend also its expertise in these segments. Under the terms of the agreement, Belchim Crop Protection will acquire global rights to both products and will start operating the business after a short transition period.

Valifenalate, marketed under the brand names VALIS®, EMENDO® and ESTOCADE® is a fungicide belonging to the new chemical class of dipeptides. Valifenalate is effective against Oomycetes, particularly Peronosporales and Phytophthora species, and it is used on many crops, including: grape, potato, tomato, vegetables, tobacco and ornamentals.

Dirk Putteman, Managing Director said « This acquisition will reinforce our position in key crops and allow Belchim to compete in the early segment of CAA fungicides. Additionally, Belchim will be able to develop more complete crop solutions and to optimize fungicide resistance management. Valifenalate will be another building block for Belchim Crop Protection’s future development of potato and vines fungicide products. The acquisition of intellectual property of active ingredients fits in the sustainable growth strategy of Belchim Crop Protection. »

Belchim Crop Protection is a fast growing European company with presence in Europe, East Europe and African countries. Through new technologies, focus on customers’ needs and innovative marketing, Belchim Crop Protection brings unique services to its customers in order to further develop their competitiveness in the market. For more information, please go to www.belchim.com.

ISEM is a 50:50 joint venture established between Chemtura Netherlands B.V. and Isagro S.p.A..

Website: http://www.belchim.com

Published: April 22, 2013