ADAMA to acquire the remaining stake in ADAMA Chile.

ADAMA, a company which is providing solutions to farmers across the world to combat weeds, insects and disease, agreed to acquire the remaining stake in ADAMA Chile, a company which specializes in the development, production and commercialization of bio plant nutrition and agrochemical products in Chile. Financial terms were not disclosed. "Biologicals are an important segment of ADAMA's developing sustainable portfolio. We see a growing interest from farmers in biological products, especially in fruit and vegetable crops that are grown for export, addressing consumer and regulatory environments. This further investment will increase our presence in this growing market," Carlos Danilowicz, ADAMA Head of the Latin America Commercial.