Arysta LifeScience Completed the Acquisition of Etec Crop Solutions in New Zealand
Etec Crop Solutions has been a significant supplier of agrochemical solutions in
Prior to this acquisition, Arysta LifeScience had been offering its products—including fungicides, herbicides, insecticides, and seed treatments—in
“This acquisition underscores our differentiation efforts in the Crop Protection and BioSolutions markets, where we focus on specialty applications and tailored local solutions,” said
“Our companies are an ideal fit,” added
Under the ownership of Arysta LifeScience, Etec plans to initially operate using the Etec company name, in addition to their current brand names, until full transition to the Arysta LifeScience name.
Platform is a global and diversified producer of high-technology specialty chemicals and a provider of technical services. The business involves the formulation of a broad range of solutions-oriented specialty chemicals, which are sold into multiple industries, including automotive, agriculture, animal health, electronics, graphic arts, and offshore oil and gas production and drilling. More information on Platform is available at www.platformspecialtyproducts.com.
Forward Looking Statement
This press release contains "forward looking statements" within the meaning of the federal securities laws, including, but not limited to, statements regarding the anticipated benefits of the acquisition of Etec Crop Solutions. Actual results could differ from those projected due to numerous factors, including Arysta LifeScience's ability to successfully integrate and obtain the anticipated results and synergies from this acquisition; Platform's ability to successfully complete the previously-announced proposed separation of its Agricultural Solutions and Performance Solutions businesses and realize the anticipated benefits from it; the expected form, structure and timing for completion of this proposed separation; adverse effects on the two companies' business operations or financial results and the market price of Platform's shares as a result of the completion of this proposed separation; market volatility; legal, tax and regulatory requirements; unanticipated delays and transaction expenses; the impact of the proposed separation on Platform's employees, customers, suppliers and lenders; the ability of the two companies to operate independently following the proposed separation; the diverting of management's attention from Platform's ongoing business operations; the possibility of more attractive strategic options arising in the future; and Platform's perception of future availability of equity or debt financing needed to complete the proposed separation and fund its operations. Additional information concerning these and other factors that could cause actual results to vary is, or will be, included in Platform's periodic and other reports filed with the
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Source: Platform Specialty Products Corporation