Mexichem gets Brazilian Antitrust approval for acquiring Netafim

TLALNEPANTLA DE BAZ, MEXICO: Mexichem SAB de CV (Mexchem) has received the approval of the antitrust authority in Brazil CADE (Administrative Council of Economic Defense) for the acquisition of Netafim Ltd in that country. 

Following the expiration of a 15-day waiting period (from the date of the publication in the Brazilian Official Gazette) with confirmation from CADE that no appeal has been filed, this will be one of the relevant approvals for the transaction to be completed. 

Based in Tel Aviv, Israel, Netafim is a global leader in developing, manufacturing and distributing advanced drip and micro-irrigation solutions, with local presence in more than 30 countries, 17 manufacturing plants, more than 4,300 employees and sales in more than 110 countries worldwide. Netafim’s advanced technologies and end-to-end solutions help growers across the world achieve higher and better crop yields while reducing the use of water and other inputs, such as manpower, nutrients and crop protection.