Registration transfer agreement in Eastern Europe
Stockton STK, a leading company in development and marketing of botanical based solutions for crop protection and IQC, a company specialized in the production and marketing of agrochemicals, have reached an agreement to transfer 90 product registrations in Eastern Europe from Stockton to IQC. This announcement is part of the overall strategic direction of Stockton to focus on biological solutions.
Stockton has agreed to sell part of its generic registrations and distribution rights in the following Eastern European countries: Bulgaria, Romania, Moldova, Georgia, Azerbaijan, Tajikistan, Armenia and Belarus, to IQC.
“We are closing the ties with agrochemicals as part of the new strategic direction of the company, transitioning from generic conventional to biotechnology and hybrid crop protection products”, explained Guy Elitzur, CEO of Stockton.
“For IQC, this step represents a great opportunity to expand our sales and services to new customers providing products exported from Mexico to new geographical areas” explained Juan Manuel Ramirez CEO of IQC.
IQC is one of the leading Mexican Agrochemical Industries , was founded 45 years ago , active and selling in Mexico and over 12 countries worldwide.
In the past IQC was focused on Copper products, until it became a wide range producer and supplier in the Agrochemical market.