Processing Magazine
  • Subscribe
  • Magazine
  • Events
  • News & Notes
  • Videos
  • Podcasts
  • Webinars
  • White Papers
  • 3D Models
  • Breakthrough Products Awards
  • Maintenance & Safety
  • Material Handling
  • Mixing & Blending
  • Powder & Bulk Processing
  • Process Control & Automation
  • Pumps, Motors & Drives
  • Valves & Actuators
  • Topics
    Maintenance & SafetyMaterial HandlingMixing, Blending & Size ReductionProcess Control & AutomationPumps, Motors & DrivesValves & ActuatorsPowder & Bulk Solids
    Resources
    MagazineEventsNews & NotesVideosPodcastsWebinarsWhite PapersBreakthrough Products Awards
    User Tools
    SubscribeAdvertiseAbout UsContact UsPrivacy PolicyTerms & Conditions
    http://www.facebook.com/ProcessingMagazine
    https://www.linkedin.com/showcase/27062974
    https://twitter.com/ProcessingMag
    1. News & Notes

    Dow finalizes sale of AgroFresh specialty chemical unit

    Aug. 12, 2015

    Dow Chemical Co. has sold AgroFresh, its post-harvest specialty chemical business, for more than $900 million. The business was purchased by Boulevard Acquisition Corp., a …

    Staff
    Photo courtesy Dow Chemical
    Photo courtesy Dow Chemical

    Dow Chemical Co. has sold AgroFresh, its post-harvest specialty chemical business, for more than $900 million.

    The business was purchased by Boulevard Acquisition Corp., a public investment vehicle formed by Avenue Capital Group, and has been renamed AgroFresh Solutions, Inc. Dow will retain a non-consolidated minority ownership position in AgroFresh Solutions, initially holding approximately 35 percent of its shares, the company said.

    AgroFresh provides specialty chemical solutions to preserve and enhance the freshness, quality and value of fresh produce and to maximize the proportion of produce supplied to the market relative to the amount of produce grown. Its flagship product is the SmartFresh Quality System, a freshness protection technology for maintaining the firmness, texture and appearance of fruits during storage and transport.

    Thomas Macphee, CEO of AgroFresh Solutions, said: “We are excited to launch AgroFresh Solutions as a stand-alone, publicly listed global specialty chemicals business. We believe our company, the leading post-harvest specialty chemical business, is well positioned to generate strong risk-adjusted returns for our shareholders.

    “We expect to continue to grow through strategic expansion of our core franchise, the development of a robust pipeline of high-value solutions that preserve the quality and value of fresh produce, and the pursuit of related, accretive acquisitions.”

    As a result of this transaction and the upcoming completion of Dow Chlorine Products’ merger with Olin, Dow has significantly exceeded its previously stated goal of realizing $7 billion to $8.5 billion of divestments. The total now stands at around $12 billion in pre-tax proceeds.

    Continue Reading

    MG America and Romaco North America announce strategic alliance in North American manufacturing equipment marketplace

    When to use horizontal versus vibratory motion in food conveyor systems

    Sponsored Recommendations

    Product focus: Powder and bulk processing

    Screen feeder STEDI-FLO screen feeder by Dynamic Air is a screen and feeder combination using either a single-, double- or triple-deck screen and a brute-force drive with two ...

    Understanding ratholing and bridging phenomena in bulk powder feeding

    Feeder design is critical to maintaining consistent and reliable material flow from storage vessels into processing equipment.

    Ask the Expert: Advanced Lithium Processing Makes for Better Batteries

    Learn about the material trends and technologies driving the battery industry today.

    Rotary pump 

    PSG Biotech Quattroflow QB2-SD single-use micropump is ideal for microdosing applications

    Latest in News & Notes

    News & Notes

    Rotary pump 

    Watson Marlow Fluid Technologies Solutions
    Nov. 30, 2023
    News & Notes

    Motion names new automation intelligence group vice president

    Motion Industries
    Nov. 29, 2023

    Most Read

    Maintain to gain: The many benefits of pump maintenance

    Case study: Nut company safeguards final product quality with X-ray systems

    Powder density: The importance of knowing your material before blending

    Sponsored Recommendations

    Product focus: Powder and bulk processing

    Understanding ratholing and bridging phenomena in bulk powder feeding

    Ask the Expert: Advanced Lithium Processing Makes for Better Batteries

    Processing Magazine
    http://www.facebook.com/ProcessingMagazine
    https://www.linkedin.com/showcase/27062974
    https://twitter.com/ProcessingMag
    • About Us
    • Contact Us
    • Advertise
    • Do Not Sell or Share
    • Privacy Policy
    • Terms & Conditions
    © 2023 Endeavor Business Media, LLC. All rights reserved.
    Endeavor Business Media Logo