China National Agrochemical Corp., one of the largest chemical producers in China, has acquired 60 percent of the shares of the Makhteshim Agan Group, which is based in Tel Aviv, Israel.

As a result, Makhteshim becomes a private company, 60 percent of which is owned by Beijing-based ChemChina and 40 percent by Koor Industries Ltd., an Israeli holding company, according to a news release.

Makhteshim markets off-patent crop protection products in 120 countries.

In the United States, the company marketed crop protection materials as Makhteshim Agan of North America, or MANA.