type subsidiary industry agribusiness founded 1945 ; 71 years ago 1945 headquarters tel aviv israel key people chen lichtenstein ceo yang xingqiang chairman products fungicides herbicides insecticides nematicides seed treatment crop protection revenue us 3.076 billion 2013 operating income us 309.0 million 2013 net income us 127.5 million 2013 number of employees 4.500 2013 parent chemchina website adama.com visitors to makhteshim 1959 adama s headquarters in airport city israel adama agricultural solutions ltd. formerly makhteshim agan industries ltd. is an israeli manufacturer and distributor of branded off patent crop protection products including herbicides insecticides and fungicides . in 1997 makhteshim agan became a publicly traded company comprising two companies makhteshim 1952 and agan 1945 . in 2011 the company was acquired by chemchina . 1 in 2014 the company re branded as adama agricultural solutions ltd. 2 for the year ended 31 december 2013 the company reported revenues of us 3.08 billion . 3 4 contents 1 history 2 products 3 see also 4 references 5 external links history edit in 1944 zvi zurr and michael pikarski established the agan cooperative for the development of chemical products . they were later joined by israel tamir and eliyahu teomim . in 1954 the cooperative was dismantled and incorporated as agan chemical manufacturers for the development and production of herbicides . zurr left agan and relocated to the negev where in 1952 makhteshim chemical works producer and distributor of insecticides and fungicides was established with funding from the nir company of the histadrut labor federation . facilities at neot hovav in 1973 agan relocated once again to larger facilities in ashdod . in the same year agan and makhteshim established a partnership for worldwide distribution of their products . in 1997 the two companies merged to form makhteshim agan industries ltd. . in october 2011 adama was acquired by china national agrochemical corporation a subsidiary of china national chemical corporation chemchina . 5 chemchina paid us 2.4 billion to conclude the deal 1.272 billion to public shareholders and 1.128 billion to koor industries . 6 prime minister benjamin netanyahu described the deal as a big achievement for the economy of israel . 7 after the deal chemchina owns 60 % of the company with koor retaining the remaining 40 % and as a result the company s shares have been delisted from the tel aviv stock exchange . 8 in january 2014 makhteshim agan re branded its global business as adama the name coming from the hebrew word for earth or soil . 9 10 the company has announced its intention to acquire several chinese business to establish a foothold in the chinese market . 11 the group has manufacturing facilities worldwide with key facilities in neot hovav beer sheba ashdod and brazil . in addition the group has smaller plants in colombia poland spain and greece . products edit 92 % of the company s revenues come from production of herbicides insecticides and fungicides . in addition adama produces the antioxidant lycopene specialty aroma chemicals and other chemicals which account for 8 % of the company s revenues . see also edit agribusiness corporate farming sustainable agriculture economy of israel references edit david calev 19 january 2011 . chemchina signs makhteshim deal with israel s dankner . bloomberg businessweek . makhteshim renames as adama agricultural solutions . globes . 2014 01 28 . adama crosses 3bn sales mark reports solid business momentum for q4 & fy 2013 . prnewswire . 2014 03 19 . dun s 100 israel s largest enterprises 2009 company profile dun & bradstreet retrieved 2009 10 13 yeshayahou koby 17 october 2011 . chemchina completes makhteshim agan buy . globes . archived from the original on 30 december 2013 . retrieved 18 october 2011 . hazani golan 17 october 2011 . chemchina transfers 2.4 b for makhteshim merger . ynetnews . retrieved 18 october 2011 . ackerman gwen 17 october 2011 . netanyahu congratulates idb s dankner on makhteshim deal close . bloomberg businessweek . retrieved 18 october 2011 . makhteshim agan chemchina complete record 2.4 b. merger . jerusalem post . 17 october 2011 . retrieved 18 october 2011 . makhteshim agan to re brand global business as adama january 28 2014 zimmerman cindy november 7 2014 . adama wins agrow award for best marketing campaign . agwired . adama buys chinese cos from chemchina for 623m . globes . 2014 10 02 . external links edit adama website retrieved from https en.wikipedia.org w index.php title adama agricultural solutions & oldid 742003912 categories manufacturing companies of israelchemical companies of israelagriculture companies of israelmultinational companies1945 establishmentscompanies based in tel aviv navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent 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