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A report on the website http:// www.farmchemicalsinternational.com describes how Indofil is to add about $65 million in revenue after purchase of Dow's European Dithane fungicide business, including trademarks in 28 countries, distribution deals and intellectual property.
Indofil is no stranger to Dithane, a practically non-toxic ethylene bisdithiocarbamate in EPA toxicity class IV. The company had exclusive rights to the brand in India for 40 years under Rohm and Haas. Its latest move shows the crop protection world just how serious they are about creating a company that has staying power with the purchase of an established brand with leading market share and excellent identity with customers.
Indofil secured an overwhelming share of the mancozeb market in Europe when it bought Dithane from Dow AgroSciences in March, including exclusive rights to use the patented NT technology and related trademarks in Europe. Sources say it will control an overwhelming majority of the market, depending on the cropping season. The deal elevates Indofil's revenue...