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.
Read the full story on FCI.com.
Written by
Senior Online Editor, CropLife
Matt Hopkins is Senior Multi-Media Specialist for the Agribusiness Group at Meister Media Worldwide (MMW), including such brands as CropLife, CropLife IRON, AgriBusiness Global, Global Agtech Initiative, and Cotton Grower. He is responsible for managing an array of digital products, including newsletters, websites, video, and social media. Hopkins originally joined MMW in 1994 as an editor for Greenhouse Grower magazine before transitioning to Business Manager of its MeisterPro division. He has a Communications Degree from Cleveland State University.
