Agrochemicals: Fungicides Dow AgroSciences Sells European Fungicide Marketing Rights to Indofil
Dow's agrochemical branch decided to quit marketing its Dithan fungicide in Europe, selling all European Dithan business to Mumbai based Indofil. Dow AgroSciences announced to concentrate on the marketing of Dithan products in other core markets, nearer to the production facilities.
Indianapolis, Indiana/USA; Mumbai/India – “This divestment will allow us to focus our European investment on new novel chemistries in the future,” explained David Hindes, Global Fungicide Business Leader. Indofil, an subsidiary of India’s K.K. Modi Group, has purchased the rights and associated trademarks of Dithane for Europe, exclusive rights to use the patented NT technology and related trademarks in Europe, Dithane registrations and data to support these, and the customer contracts which can be assigned, Dow speakers announced. The agreement does, however, not include other parts of the Dow AgroSciences’ Dithane business, the company stated. “Dow AgroSciences remains committed to the Dithane business in other parts of the world where we have production assets and are better able to compete over time,” Hindes added.
Indofil Brings 40 Experience in Dithane Fungicide
“This is an exciting time for Indofil Industries in Europe, consolidating Indofil’s position in the European mancozeb market segment and making it a leading player,” says K.K. Modi, Group Chairman, K.K. Modi Group of which Indofil is part. The company looks back on a long experience in manufacturing and marketing Dithane in India under 40 years of Rohm and Haas ownership. “Indofil is excited to welcome the Dithane product back in its portfolio, and is committed to growing the market across Europe, through active collaboration with all partners,” says R.K. Malhotra, CEO, Indofil Industries. Both companies are now working together to ensure a seamless transition and minimal impact to customers, distributors, and dealers.