Issue Date: August 11, 2014
Platform Makes Second Purchase In Agchems
Chemical industry newcomer Platform Specialty Products has agreed to acquire Agriphar, a Belgian agrochemicals firm, for $400 million. The deal follows Platform’s April agreement to purchase Chemtura’s AgroSolutions business for $1 billion. Agriphar generated sales in 2013 of $170 million, mostly from pesticides. AgroSolutions’ sales last year were $449 million, mostly from pesticides and seed treatments. Platform expects to close both deals during the fourth quarter. The Agriphar deal is “an . . .
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