ADAMA completed the acquisition of a 51% stake in ADAMA Huifeng (Jiangsu) for $104m.

ADAMA, a provider of crop protection products, completed the acquisition of a 51% stake in ADAMA Huifeng (Jiangsu), a crop protection synthesis and formulation facilities, from Jiangsu Huifeng Bio Agriculture, which engages in the research, development, production and sale of agrochemical products, for $104m. "With the completion of the acquisition of the majority stakes in both Huifeng's commercial and operational activities, we are better positioned than ever to succeed in achieving our growth ambitions in China and globally, with significantly bolstered commercial reach in China and competitive operational capabilities to support our global business. We welcome the Huifeng team to the ADAMA family, and look forward to further realizing our vision of creating a leading crop protection business in China," An Liru, ADAMA SVP China.