On 3rd February 2022, the Indian agrochemical industry Safex Chemicals acquired the western India state Gujarat-based aluminium phosphide manufacturer, Shogun Lifesciences through its wholly-owned subsidiary Shogun Organics Ltd.
Now, the acquisition compels Safex Chemicals the lone company in India to supply a complete Agri to home care portfolio.
The Pune-based manufacturer of Home Care Active Ingredients, Shogun Organics Ltd, now diversified to produce agrochemical active ingredients. However, in 2021, Shogun Organics itself was acquired by Delhi-based Safex Chemicals.
The manufactures aluminium phosphide and zinc phosphide, Shogun Lifesciences has production facilities near Ahmedabad, Gujrat. Aluminium phosphide is counted as a vital and sole molecule used for safe storage of foodgrains and fumigation of storage spaces, whereas zinc phosphide is used for control of rats which cause extensive crop damage and destroy stored foodgrains and spread bubonic plague.
Safex Chemicals stated, “The 8-acre plot acquired along with Shogun Lifesciences will be utilised to strengthen the supply chain of existing and future businesses. It will eventually add more facilities to set up multi-product formulation sections and enhance present aluminium phosphide production capabilities.”
S K Chaudhary, the Founder Director of Safex Chemicals, while commenting on the acquisition said, “Currently, there are a handful of companies manufacturing fumigants required for safe grain storage. This acquisition makes Safex the sole company in India to provide a comprehensive solution for crop nutrition, growth regulation, prevention, protection, safe grain storage and home care chemicals under one roof.”
"The acquisition will propel Safex to achieve sales of INR 1,000 crore in FY'2022-23," he added.
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