Mumbai, Aug. 30: United Phosphorous Ltd (UPL) has purchased certain crop protection products from German company Bayer CropScience AG.

The sale and purchase agreements were signed on August 29. The combined purchase prices, including inventories, stand at 43.5 million euros.

The divestment includes the systemic carbamate herbicidal active ingredient Asulam (brand names Asulox and Asilan) and two insecticidal products.

Bayer CropScience has retained certain rights related to non-agricultural uses in strategic markets.

For Bayer CropScience, the decision to divest these products is in line with the company’s strategy to focus on higher margin products and, therefore, streamlining the portfolio, according to a statement issued by the company on its website.

The acquisition of Bayer CropScience’s divested products is concurrent with UPL’s strategy to enhance its product portfolio in different regions to offer a broad portfolio of solutions to its customers.

UPL is the largest domestic agrochemical player and among the top five generic players globally in this industry. It is engaged in research, manufacturing and distribution of agrochemicals and specialty chemicals worldwide.

The group’s revenues for the year ended March 31, 2006 was in excess of $480 million.