Cheminova accepts Swiss Stähler management buy-out
The management of the Swiss operation of Cheminova’s German subsidiary, Stähler, has had a buy-out offer accepted. The company markets and distributes a broad product portfolio from a number of crop protection suppliers, with annual revenues exceeding DKK 100 million ($17.8 million). The agreement includes an attractive price to Cheminova parent company Auriga, and continued access to sell its products through the company in Switzerland. Cheminova acquired a 50% stake in Stähler in 2008, and subsequently bought the remaining shares ( Agrow No 619, p 4). Stähler was renamed Cheminova Deutschland on January 1st. No financial details of the buy-out have been disclosed.