Dow to divest AgroFresh unit
Dow AgroSciences' AgroFresh business unit has been earmarked for divestment by parent company Dow Chemical as part of the planned sale of $4.5-6 billion worth of non-core businesses and assets. The businesses are being "actively marketed for divestment", the company says. It expects to sign transactions by the end of the year and to complete the divestments in early 2015. Dow acquired the AgroFresh business in 2008 as part of the purchase of Rohm and Haas. It markets the plant growth regulator, 1-methylcyclopropene (1-MCP), as a ripening control agent for fruit and vegetables. AgroFresh entered into an agreement with the Dutch company, Van Amerongen CA-Technology (Tiel), this year to market a new technology for fruit ripening.