Platform Specialty buying Arysta LifeScience about $3.51 billion

Platform Specialty to buy Arysta LifeScience for $3.51 billion

11:13 AM, 21st October 2014
Platform Specialty buying Arysta LifeScience for about $3.51 billion

WATERBURY, US: Platform Specialty Products Corp said it would buy Arysta LifeScience Ltd for about $3.51 billion, Platform’s third acquisition this year as the company looks to strengthen its agrichemicals business. Platform is buying Arysta from funds backed by London-based private equity firm Permira. The deal is expected to close in the first quarter of 2015.

More than 65 per cent of Arysta’s sales are in high-growth regions such as Latin America, Africa, Central and Eastern Europe, China and South Asia. Platform said it expected the deal to immediately add more than 20 per cent to its 2014 adjusted earnings per share before synergies.

 

© Reuters News

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