Adama Agricultural Solutions said a possible merger with smaller Chinese rival Sanonda, first announced last year, could be completed in the first half of 2017. Sanonda is a subsidiary of China National Chemical Corp (ChemChina), which also owns 60% of Adama and may also buy the remaining 40% of the Israeli company, which is the world’s biggest producer of generic crop protection products…Full Article: The Star July 2016
- After the merge is completed, the headquarters of Adama Agricultural Solutions would remain in Israel and would also retain its brand names.
- Founded in 2004 and headquartered in Beijing, ChemChina is China’s largest generic agricultural-chemical company. The company is the largest non-patented pesticide manufacturer of herbicides, insecticides, bactericides, plant growth regulators, more than 120 kinds of pesticides and over 800 preparations. ChemChina also manufactures animal nutrition products, rubber, and chemical fertilizers.
- Founded in 1958 and headquartered in Jingzhou, Hubei Province, Hubei Sanonda (SHE:200553) is an agrochemical company whose product line includes pesticides (e.g. glyphosate, triazophos, etc.) and other chemicals. The company is a subsidiary of China National Chemical Corporation, aka ChemChina. In August 2015, Sanonda suspended trading its shares on the Shenzhen Stock Exchange once the Adama Agricultural Solutions takeover was announced.