Cheminova increases its presence in Australia and the Pacific’s through acquisition of a controlling interest in Ospray.
In order to strengthen its position in Australia, Cheminova has acquired the controlling financial interest of Ospray as of December 1, 2005.
Ospray is an independent distributor and marketer of plant protection products in Australia. This year Ospray expect to reach a turnover close to 16 million AUD. The merged company will continue to trade under the name of Ospray and the management will remain unchanged.
Ospray started operating during 2005. It is owned and managed by a group of people with long experience in the Australian agricultural market. The company has obtained a large product portfolio based on a range of well-known products.
“Partnering with Ospray enables us to secure our position in a long term sustainable way in the important Australian market. Further, we believe there is an extremely good fit between our technical competences, including production, formulation development and data development and the marketing competences of Ospray,” says Jesper K. Hansen, Vice President, Sales and Marketing of Cheminova. “Through this venture we expect that Ospray will be able to grow significantly during the coming years becoming a significant player in Australia as well as in New Zealand and the surrounding Pacific markets.”
“With the financial strength and technical backup of Cheminova, Ospray is now well placed to become a key supplier of agricultural chemicals to the Australian and New Zealand markets,” comments Skip Webb of Ospray.
Ospray will market all Cheminova products including the Impact®, Vincit® and Armour® fungicide range plus the present Ospray product range.
Cheminova is a world leading manufacturer and marketer of glyphosate, organophosphorous insecticides and advanced single isomer pyrethroids and is with a turnover of approximately 700 millions USD among the largest off patent agricultural companies in the world.
The Australian market for plant protection products is worth around 900 millions USD.
December 21, 2005
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