Nufarm to expand in UK and US
Nufarm has acquired the UK agrochemical manufacturer, A H Marks (Wyke, West Yorkshire), and agreed to purchase the US generic pesticide firm, Etigra (Cary, North Carolina). The Etigra deal is expected to be completed by the end of March. The combined purchase price for the two companies will be Aus$236 million (US$221 million), including Aus$61 million in assumed debt from A H Marks. Nufarm will fund the cash component of the purchase price with a new share placement, which is expected to raise some Aus$200 million.