Makhteshim 收购 Albaugh

AIRPORT CITY, Israel — The world’s largest generic crop protection product manufacturer, Makhteshim Agan Industries (), 将收购美国爱荷华州 阿尔博,据 MAI 称,该公司还生产价值 $10 亿美元的非专利农用化学品 新闻稿. Albaugh 是美国、墨西哥、阿根廷和巴西领先的仿制药生产商。

Yesterday, MAI signed a letter of intent to pay $340 million in cash, $455 million in seven-year promissory notes and $59 million of its own shares equivalent to a 12% stake worth $211 million. The deal has been approved by the boards of both companies. MAI — a subsidiary of Koor Industries, which is part of Nochi Dankner’s IDB Holding — had sales of $2.2 billion in 2009. The combined company will have the potential to realize $50 million to $60 million in synergies, said MAI, which cited key benefits of the transaction as: penetration into North American markets; market-leading, low-cost operations in Latin America with existing sales and distribution relationships; significant product cross-selling opportunities; improved production capabilities in major and growing molecules; and improved cost structure of active ingredients and products markets.

Albaugh’s leadership will take over the top spots at Makteshim Agan North America (MANA): Dennis Albaugh will become chairman of MANA, and current Albaugh President Spencer Vance will become MANA CEO. Rob Williams, who currently heads MANA, will become deputy CEO of the new company.

该交易预计将于 2010 年第四季度完成,前提是完成美国、欧洲和其他国家/地区的尽职调查和监管批准。 MAI 预计此次收购将在交易完成后的一年内实现盈利(按非公认会计原则计算)。