UPL
increases equity in Novon Protecta to 49%
·
Novon Protecta is a distributor
of various agricultural chemicals for crop protection in South Africa
·
UPL’s increase in
equity part of plan to expand business in South Africa’s North-West and Free
State regions
Durban, South Africa 15 March 2023
- UPL Ltd. (NSE: UPL & BSE:
512070 LSE: UPLL) (‘UPL’) a global provider of sustainable agricultural
solutions, has increased its equity in Novon Protecta Pty Ltd to 49%. Novon Protecta is
a distributor of various agricultural chemicals for crop protection in South
Africa.
UPL
increases equity in Novon Protecta to 49%
·
Novon Protecta is a distributor
of various agricultural chemicals for crop protection in South Africa
·
UPL’s increase in
equity part of plan to expand business in South Africa’s North-West and Free
State regions
Durban, South Africa 15 March 2023
- UPL Ltd. (NSE: UPL & BSE:
512070 LSE: UPLL) (‘UPL’) a global provider of sustainable agricultural
solutions, has increased its equity in Novon Protecta Pty Ltd to 49%. Novon Protecta is
a distributor of various agricultural chemicals for crop protection in South
Africa.
UPL’s move will drive the future
expansion of the business throughout South Africa’s North-West and Free State
regions serviced by Novon Protecta. This expansion will directly
benefit farmers in the country by increasing their access to UPL’s holistic
portfolio of sustainable agricultural inputs.
Marcel
Dreyer, UPL’s Regional Head, Africa and Middle East, said: “UPL takes great
pride in partnering with and supporting all of its distributors that are
involved in the traditional and natural biosolution crop protection supply
chain to ensure that their needs, as well as the needs of farmers and
consumers, are well catered for. It’s part of our reimagining sustainability
mission to create sustainable agricultural practices and food security in South
Africa.”
The remaining equity in Novon
Protecta is held by independent sales agents. The transaction carried the
unanimous support of all shareholders attending a meeting held at Bona Game
Lodge, South Africa.
ENDS
For more information, please contact:
UPL
Des Ray
Marketing &
Communication Manager – AME
(031)
514-5600
NOTES TO EDITORS:
About UPL
UPL Ltd. (NSE: UPL & BSE: 512070,
LSE: UPLL) is a global provider of sustainable agriculture products and
solutions, with annual revenue exceeding $6bn. We are a purpose-led company.
Through OpenAg®, UPL is focused on accelerating progress for the food system.
We are building a network that is reimagining sustainability, redefining the
way an entire industry thinks and works – open to fresh ideas, innovation, and
new answers as we strive towards our mission to make every single food product
more sustainable. As one of the largest agriculture solutions companies worldwide,
our robust portfolio consists of biologicals and traditional crop protection
solutions with more than 14,000 registrations. We are present in more than 130
countries, represented by more than 10,000 colleagues globally. For more
information about our integrated portfolio of solutions across the food value
chain including seeds, post-harvest, as well as physical and digital services,
please visit please visit upl-ltd.com and follow us on LinkedIn, Twitter, Instagram and Facebook.
