Evafarms Group

United Phosphorous Acquires 100% Stake In Evafarms Group

United Phosphorus Ltd (UPL) has acquired Colombia-based Evofarms group of Companies, a generic products marketing company in the crop protection industry, for an undisclosed amount.

The company has entered into the share purchase agreement, which includes all stocks, products registrations and all other property rights associated with the business of Evofarms.

The acquisition was an all-cash offer and United Phosphorus will fund this through its cash accrual.