UPL announced that its step-down subsidiary, UPL NA Inc., USA has completed the acquisition of Sustainable Tech Inc, USA on 27 July 2026. According to reports from Business Standard, this strategic acquisition strengthens UPL's position in the aquatics business sector.
As reported by Business Standard, Sustainable Tech Inc will operate as a step-down subsidiary under UPL NA Inc, which is part of UPL's international Crop Protection business under Cayman. The acquisition structure places Sustainable Tech Inc within UPL's existing international operations framework.
According to Business Standard, Sustainable Tech Inc will focus on the Aquatics business, which operates in a distinct sector of water treatment and environmental solutions. The company specializes in controlling aquatic plants and algae in water systems, expanding UPL's capabilities in water treatment technologies.
As reported by Business Standard, UPL effectively holds 77.78% shareholding in the Cayman entity where the international Crop Protection business operates. This ownership structure provides UPL with significant control over the newly acquired subsidiary's operations and strategic direction.
