Mitsui, ISK invest in Ourofino

Mitsui, ISK invest in Ourofino

M&A Brazil

Japan's Mitsui and Ishihara Sangyo Kaisha (ISK) have agreed to buy 25% of the Brazilian agrochemical company Ourofino Agrociência for an undisclosed amount. Mitsui will take 20% of Ourofino, while ISK will have 5%, Mitsui said in a press release. Ourofino is worth BRL203m ($54.8m), according to Mitsui, which puts Mitsui's stake at BRL101m and ISK's share at BRL25.2m. Brazil accounts for roughly 20% of the global market for crop protection products. Now Ourofino will sell ISK's herbicides, fungic

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