United Phosphorous'' Advanta India looks for acquisitions

23 Mar 2007

Bangalore: Agronomic seed firm Advanta India, the subsidiary of United Phosphorous Ltd, is looking to acquire companies that would strengthen its technical expertise and product offerings. The company is looking at opportunities to acquire companies and assets that could broaden its product offerings and sales and distribution networks, establish new or strengthen existing customer relationships or enable it to acquire new technical expertise.

The company said it would continue to seek to acquire, invest in or form joint ventures or strategic alliances with companies that provide proprietary and innovative products or other advantages to its business.

Advanta, which has principal operations in India, Australia, Thailand and Argentina, said it plans to pursue growth in sales of hybrid rice in Uttar Pradesh, Jharkhand, Madhya Pradesh and Chhattisgarh through aggressive field and sales promotion activities and production of specific products for the 'Boro' (post-winter) season in the eastern and northeastern markets.