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Food

Private equity firm to buy AgroFresh

by Matt Blois
December 1, 2022 | A version of this story appeared in Volume 100, Issue 43
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Most Popular in Food

 

Paine Schwartz Partners, a private equity firm focused on food, has agreed to pay about $160 million to buy AgroFresh. AgroFresh shareholders must still approve the deal. Paine Schwartz says it will be easier for AgroFresh to expand and invest in R&D as a private company. AgroFresh was founded in 1996 to commercialize 1-methylcyclopropene, a chemical that slows the fruit-ripening process. In 2009, Dow acquired AgroFresh’s parent company, Rohm and Haas. In 2015, Dow sold most of the business for $810 million to a firm that turned it into a separate public company.

Chemical & Engineering News
ISSN 0009-2347
Copyright © 2024 American Chemical Society

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