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Univar Brasil Ltda., a wholly owned subsidiary of chemical distributor Univar Inc. (NYSE: UNVR), Downers Grove, IL, has acquired Tagma Brasil Ltda., Sau Paulo, Brazil. Terms were not disclosed.
Tagma is a provider of custom formulation and packaging services for crop protection chemicals that include herbicides, insecticides, fungicides and surfactants.
"Brazil has agriculture and agro-food exports of more than $89 billion USD and a domestic market that serves nearly 210 million people. This acquisition expands Univar's agriculture business in one of the world's fastest-growing agricultural markets," said Steve Newlin, Univar's chairman and CEO. "In addition, Tagma's formulation and packaging capabilities will enhance the value proposition for several of our key global supplier partners, and Tagma's strong culture of safety, integrity and quality will be an excellent complement to Univar's already robust agricultural business in North America."