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Nufarm grows international agricultural portfolio
ASX-listed company Nufarm has expanded its portfolio with the major acquisition of European crop protection products.
Melissa Coade
Firms: Arnold Bloch Leibler (Nufarm Limited); Herzog Fox & Ne’eman (Adama Agricultural Solutions and Syngenta Crop Protection); King & Wood Mallesons (Underwriters)
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Deal: Arnold Bloch Leibler has advised Nufarm on the transaction.
Value: $627 million
Area: M&A
Key players: Partner Jonathan Wenig (pictured) led the ABL team advising Nufarm on the transaction. A statement from the firm said that senior associate Rebecca Zwier also assisted with advice on the “cross-border dynamics of the deal”.
Partner Gen Sexton, senior associate Jeremy Lanzer and solicitor Emily Ellis-Czerkaski also worked on aspects of the deal.
Deal significance: The agreement to acquire European crop protection products from Adama Agricultural Solutions and Syngenta Crop Protection is a major deal for Nufarm, according to ABL lead partner Jonathan Wenig.
ASX-listed Nufarm is the largest manufacturer of crop protection products in Australia.
“This is a significant, strategic acquisition for Nufarm,” Mr Wenig said.
“We are pleased to have been able to advise on all aspects of the acquisition and look forward to seeing Nufarm further consolidate its European position,” he said.
The acquisition was secured for US$490 million (A$627 million), with the CEO and managing director of Nufarm Greg Hunt saying that the deal will increase the company’s relevance to its customers.
“The addition of the portfolio consolidates Nufarm’s position as a leading post-patent supplier in Europe and increases our relevance to the customer base by allowing us to offer a more comprehensive suite of crop protection solutions in a number of very important crop segments,” Mr Hunt said in a company statement.
