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Platform Specialty acquires European crop protection chemicals maker Agriphar for $400 million
7:00 AM MDT | August 15, 2014 | —Lindsay Frost
Platform Specialty Products (Miami), formed by the acquisition of specialty chemical maker MacDermid, has agreed to acquire crop protection chemicals maker Agriphar (Ougree, Belgium) for €300 million ($400 million). This deal, when combined with Platform’s recently announced $1-billion acquisition of Chemtura AgroSolutions’ (CAS) business, gives the company a significant foothold in pesticides, Platform says. Agriphar posted 2013 revenue of €127 million and adjusted Ebitda margin slightly above 20%, Platform says. Agriphar produces total and...
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