According to a recently published report by MarketsandMarkets Research, the
global agrochemical market has grown significantly between 2000 and
2016. This growth has been matched by a flurry of M&A activity.
In particular, the report highlights that:
the global agrochemical market grew from $28.78 billion in 2007
to $41.12 billion in 2013. This represents a growth of 43% over six
intense competition between the top players in the
agrochemicals market has caused extensive consolidation over the
previous decade. The top six companies now dominate more than 80%
of the industry's market share;
crop protection chemicals and herbicides were the most active
areas for M&A activity and investment over this time period;
there is a trend of assets being acquired by companies for use
in emerging markets with large agricultural potential. The largest
number of deals (by acquirer) were witnessed by companies
headquartered in the Asia-Pacific region as a result of extensive
crop cultivation potential in India, China and Japan. The largest
number of deals (by target) were witnessed by companies
headquartered in Europe and North America. The most active
companies were Monsanto (U.S.), Bayer AgroSciences (Germany) and
Syngenta AG (Switzerland).
The report concludes that M&A activity is expected to
continue as a result of an increased focus on research and
development, increased emphasis on intellectual property rights,
and the growth of international agricultural markets. The
transaction between Dow Chemicals and DuPont announced in Q4 of
last year is proof positive that significant market consolidation
is still underway in the fertile agrochemical industry.
The author would like to thank Danny Urquhart, articling
student, for his assistance in preparing this legal
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Under the Income Tax Act, the Employment Insurance Act, and the Excise Tax Act, a director of a corporation is jointly and severally liable for a corporation's failure to deduct and remit source deductions or GST.
Under the Income Tax Act, the Employment Insurance Act, the Canada Pension Plan Act and the Excise Tax Act, a director of a corporation is jointly and severally liable for a corporation's failure to deduct and remit source deductions.
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