Makhteshim Agan
 |
|
| Subsidiary | |
| Industry | Agribusiness |
| Founded | 1945 |
| Headquarters | Tel Aviv Israel |
|
Key people
|
Chen Lichtenstein (CEO) Yang Xingqiang (Chairman) |
| Products | Fungicides, herbicides, insecticides, nematicides, seed treatment, crop protection |
| Revenue | US$3.076 billion (2013) |
| US$309.0 million (2013) | |
| US$127.5 million (2013) | |
| Owner | ChemChina (100%) |
|
Number of employees
|
4,500 (2013) |
| Parent | ChemChina |
| Website | adama.com |
ADAMA Agricultural Solutions Ltd. (formerly Makhteshim Agan Industries Ltd.) is an Israeli manufacturer and distributor of branded off-patent crop protection products including herbicides, insecticides and fungicides. In 1997, Makhteshim-Agan became a publicly traded company comprising two companies: Makhteshim (1952) and Agan (1945). In 2011 the company was acquired by ChemChina. In 2014 the company re-branded as ADAMA Agricultural Solutions Ltd.
For the year ended 31 December 2013, the company reported revenues of US$3.08 billion.
In 1944, Zvi Zurr and Michael Pikarski established the Agan Cooperative for the development of chemical products. They were later joined by Israel Tamir and Eliyahu Teomim. In 1954 the cooperative was dismantled and incorporated as Agan Chemical Manufacturers for the development and production of herbicides. Zurr left Agan and relocated to the Negev where, in 1952, Makhteshim Chemical Works, producer and distributor of insecticides and fungicides, was established with funding from the Nir Company of the Histadrut (Labor Federation).
In 1973, Agan relocated once again to larger facilities in Ashdod. In the same year, Agan and Makhteshim established a partnership for worldwide distribution of their products. In 1997, the two companies merged to form Makhteshim Agan Industries Ltd..
In October 2011, ADAMA was acquired by China National Agrochemical Corporation, a subsidiary of China National Chemical Corporation (ChemChina). ChemChina paid US$2.4 billion to conclude the deal – $1.272 billion to public shareholders and $1.128 billion to Koor Industries. Prime Minister Benjamin Netanyahu described the deal as "a big achievement for the economy of Israel." After the deal, ChemChina owns 60% of the company, with Koor retaining the remaining 40%, and as a result the company's shares have been delisted from the .
...
Wikipedia