Platform posts first agchem results
The US agrochemical and specialty chemical company, Platform Specialty Products (Miami, Florida), recorded fourth-quarter and full-year agrochemical sales of $88 million in 2014. Adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) amounted to $16 million. Those were the first partial contributions of the company's new Agrosolutions segment following the acquisition of the Belgian agrochemical company, Agriphar, in October 2014 and Chemtura AgroSolutions in November 2014. Platform agreed the purchase of Arysta LifeScience during the fourth quarter but that business did not contribute to its results as the deal was not completed until February 2015.