Albaugh LLC will acquire Rotam AgroSciences for a reported $197.5 million. According to the companies, the newly formed company will have total global sales of more than $2 billion bridging together Albaugh’s corn herbicide portfolio and Rotam’s higher share in insecticides and fungicides and these four areas of strength:
- a very broad product portfolio, coupled with interesting pipeline of new products and technologies;
- sales operations in all regions of the world;
- a strong manufacturing base throughout North and South America, Europe, India, and China
- robust competencies and resources in registration, research and product development
- an outstanding team of highly professional and dedicated people.
In the official announcement, founder and chairman of Albaugh, Dennis Albaugh, said “We have long admired Rotam, their strong portfolio, competencies and people, and we look forward to welcoming them into the Albaugh family, bringing new strengths to our company and offering unique value to our customers world-wide, partners, people and society at large”.
The deal has been approved by the boards of Albaugh and Rotam. It is expected to closer after Rotam’s general shareholder meeting in the first quarter of 2022.
In addition, Albaugh announced a transition in the leadership of its North American (USA and Canada) business.
Spencer Vance, a 30-year veteran of Albaugh, has been added to the board of managers and add a role as director of customer engagement for north America.
Douglas “Dak” Kaye, currently Albaugh’s Group Chief Commercial Officer, will be Albaugh’s regional president for the North American unit.
