Sumitomo acquires acquired 83 pc stake in BRA Group

Sumitomo acquires 83 pc stake in BRA Group

8:58 AM, 23rd November 2017
Sumitomo Chemical logo

TOKYO, JAPAN: Sumitomo Chemical Co Ltd has acquired 82.9 percent of shares in Botanical Resources Australia Pty Ltd and its affiliated companies (the BRA Group) from the shareholders, and made the BRA Group, a major supplier of insecticidal compounds pyrethrins, a consolidated subsidiary.

Pyrethrins are insecticidal compounds extracted from the pyrethrum flower, which have the same basic chemical structure as synthetic pyrethroids. They are widely and commonly used in insecticides for household, vector control, pest control management and crop protection.

Since its establishment in 1996, the BRA Group has been producing pyrethrins in Tasmania, Australia. Through improvements made in the quality of pyrethrum seeds and the accumulation of know-how relating to the manufacturing of pyrethrins, the BRA Group has become a highly reliable supplier with the proven ability to provide consistently high-quality products.

Sumitomo Chemical Group has also been engaging in the production and sales of pyrethrins and is aiming to apply know-how of the BRA Group across its group. The Company also considers that this acquisition will enable the Sumitomo Chemical Group to form a more stable supply system for pyrethrins by utilizing production bases for pyrethrum subject to different climate conditions.

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