Arysta LifeScience Corporation to Acquire GRUPO BIOQUIMICO MEXICANO, S.A. de C.V. (GBM)

Tokyo (06 Sept. 2007) ― Arysta LifeScience Corporation today announced it signed a definitive agreement to acquire Grupo Bioquímico Mexicano, S.A. de C.V. (GBM), the leading Mexican manufacturer and marketer of inputs for the fruit and vegetable market. The acquisition of GBM increases the overall presence of Arysta LifeScience in the high-value fruit and vegetable crop market, especially in Mexico, but also in Central and South America and globally. GBM’s 2006 sales were approximately US$40 million. The transaction, which is pending approval by regulatory authorities, includes GBM and its subsidiaries, affiliated real estate and employee service companies, as well as its formulation and manufacturing facilities in Ramos Arizpe, Coahuila, Mexico.

“GBM has focused on innovative high-value products in the growing horticulture market segment,” said Chris Richards, president and CEO, Arysta LifeScience. “By combining the global strength of Arysta LifeScience with GBM’s outstanding product line and marketing expertise, growers in Mexico, Central and South America and other targeted regions around the world will have access to new, innovative products and services that will help them manage their businesses more effectively. This acquisition is an important step in the development of the Arysta LifeScience global business in horticulture, which is one of our key focus markets.”

The GBM product portfolio is focused on enhancing crop yield and quality in the high-value horticulture market and consists of plant growth regulators, foliar fertilizers, nutrition enhancers and crop protection products. GBM primarily sells its products in Mexico, Central America and South America. In Mexico, GBM will significantly expand the Arysta LifeScience crop protection business. In Central America, South America and other regions around the world, Arysta LifeScience intends to leverage its marketing and distribution presence to accelerate the growth of GBM’s products in key horticultural markets.

“In order for our company to continue to grow, we wanted to find a business partner with the resources to expand the market for our products,” says Cesar H. Cantú Benavides, board president, GBM. “In Arysta LifeScience, we will have a partner that has a significant global presence and a business culture very similar to ours that places the highest priority on customers and employees.”

Fruit and Vegetable Market Evolving, Growing

While traditional crop protection products, such as pesticides and herbicides, will continue to play a critical role, products that enhance plant quality and health are becoming increasingly important. High-value fruits and vegetables are a significant and expanding market for the crop protection industry, representing approximately US$8 billion in sales in 2006, and growing faster than the overall crop protection market. In addition, growers are becoming more sophisticated in their production methods in order to keep pace with consumer-led demand for high-quality produce.

“We have been impressed with GBM’s strategic approach to sales and marketing, as well as the quality and efficacy of its product line,” said Richards. “Our intention is to maintain the integrity of GBM’s culture and management team and to build upon its strengths. GBM’s plant growth regulators, foliar fertilizers, nutrition enhancers and crop protection products will complement the existing Arysta LifeScience crop protection portfolio, particularly in high-value crops such as potatoes, tomatoes, cucurbits, peppers and bananas.”

Arysta LifeScience will continue operations at GBM’s Saltillo, Coahuila, Mexico, headquarters as well as the Arysta LifeScience regional headquarters in Mexico City. “We will work to ensure that customers of both companies experience no change in the quality of supply and service they have come to expect,” said Richards.

Both companies have agreed not to disclose the financial details of the transaction.

About GBM

GBM is the Mexican market leader in supplying inputs to fruit and vegetable growers. With headquarters in Saltillo, Coahuila, Mexico, GBM specializes in plant growth regulators, nutrition enhancers, foliar fertilizers and crop protection products. The company was founded in 1974 by Cesar H. Cantú Benavides, and has grown to 226 full-time employees, including 51 Mexican sales positions. GBM’s sales efforts are focused in Mexico, Central America and South America, with a small export business to Europe. The company also distributes third-party agrochemical products, both to distributors and through its retail operation business, Promotora, in Northern Mexico. More information on the company is available at:


Linda Frerichs
Global Communications Head
Arysta LifeScience North America Corporation
Tel: +1-919-678-4948