TAG: China

ChemChina to buy Syngenta for $43 billion

February 3, 2016By

ChemChina—a Chinese-government-owned pesticide and agrochemical company—offered to acquire Swiss-based agricultural company Syngenta for $43 billion in cash. The deal is expected to close by the end of the year. “In making this offer, ChemChina is recognizing the quality and potential of Syngenta’s business,” said Michel Demaré, chairman of Syngenta. “The transaction minimizes operational disruption; it is focused on growth globally,... read more

Toro closes acquisition of Xiamen Xiangfeng

October 1, 2013By

The Toro Co. completed its acquisition of Xiamen Xiangfeng Water Saving Equipment Co. Terms of the transaction were not disclosed. Located in China’s Xiamen City, Xiamen Xiangfeng manufactures water-efficient drip irrigation products, sprinklers, emitters and filters for agriculture, landscaping and greenhouse production. “As we look to the future, water availability and increasing demand for food are driving awareness for the... read more