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NUFARM LIMITED — M&A Activity 2018
Jan 31, 2018
65453_rns_2018-01-31_01b211b4-c2b6-44af-b475-5a252fa57b98.pdf
M&A Activity
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COMPANY ANNOUNCEMENT
1 February 2018
Completion of acquisition of European herbicide product portfolio from FMC Corporation
Nufarm has today completed the acquisition of a European herbicide product portfolio from FMC Corporation. The proposed acquisition was announced to the market on 8 November 2017 and has since been progressing through the required regulatory approvals.
Nufarm’s program of work to integrate the portfolio into its European product suite is well advanced. In the first full year of Nufarm ownership (FY19), the portfolio is expected to generate net sales of approximately A$30 million and contribute EBITDA of approximately A$15 million. In the 2018 financial year Nufarm anticipates an underlying EBITDA contribution from the newly acquired product portfolio of approximately A$5 million.
Nufarm’s acquisition of the Century European product portfolio from Adama and Syngenta is progressing through the European Commission approval process. This process is ongoing, with acquisition completion anticipated in the first quarter of the 2018 calendar year.
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Further information: Mark Keating General Manager, Investor Relations [email protected] (61 3) 9282 1004 0419 545 144
Megan Fletcher Group Executive, Corporate Affairs [email protected] (61 3) 9282 1218 0428 139 531
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