China’s Huapont-Nutrichem to Buy Stake in Albaugh for $220 Million
4 August 2014 
Dennis Albaugh
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.
Dennis Albaugh, founder and chairman of the Ankeny, Iowa based company, said, “This transaction establishes a strategic relationship between Albaugh and one of its key suppliers of active ingredients, and we hope to utilize our combined experience in product development and registration to continue growing our business for the benefit of our customers and the shareholders of both companies.
Zhang Songshan, Huapont chairman, said in a statement, “Albaugh is a strong competitor in the agrochemical markets in the Western hemisphere. We are excited about the ongoing prospects for growth in Albaugh and to be a part of that growth into the future.”
Huapont-Nutrichem’s stock is traded on the Shenzhen Stock Exchange.
Albaugh says it is the largest global privately-held producer of off-patent herbicides, fungicides, insecticides and plant-growth regulators, mainly for the Americas but also for the international market. It has a leading position in four of the most-widely used post-patent agrochemicals: glyphosate, 2,4-D, atrazine and dicamba.
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