China’s Huapont-Nutrichem To Buy Stake In Albaugh For $220 Million

Huapont-Nutrichem Co. Ltd., a fast-growing Chinese pharmaceutical and agrochemical manufacturer, said it will buy a minority stake in Albaugh, the privately held off-patent crop protection giant.

Huapont, through Nutrichem USA, will acquire 20% of the voting and non-voting units of Albaugh for $220 million cash. The acquisition is expected to close before year-end, and is subject to approval of Huapont’s shareholders, approval of the China National Development and Reform Commission and U.S. regulatory authorities.

Advertisement

Read the full story on FCI.com.

Top Articles
TFI: Phosphate and Potash Are Critical Minerals, Senate Bill to Solidify

0
Advertisement