CADE authorizes the acquisition of Rotam by Albaugh

Albaugh, LLC announces that it has received approval without restrictions from the Administrative Council for Economic Defense in Brazil ("CADE") for the purchase of Rotam AgroSciences Limited (“Rotam”). Albaugh and Rotam announced the acquisition in December 2021. The favorable opinion of the transaction was published on March 10, 2022 in the Diário Oficial da União.

The business combination will result in the creation of a crop protection company with total sales of over US$ 2 billion with a broad product portfolio and pipeline of crop protection products, sales operations in all regions of the world, and a strong manufacturing base extending across North and South America, Europe and Asia.

Closing of the transaction is expected to take place in the second quarter of 2022 depending on pending local securities approvals.

About Albaugh:

Albaugh, LLC is a privately-owned US limited liability company founded by Mr. Dennis Albaugh in 1979. Headquartered in Ankeny, Iowa, Albaugh offers a broad and growing portfolio of crop protection products in the United States, Argentina, Brazil, Mexico, Europe and other countries. Albaugh operates multi-functional plant sites in St. Joseph, Missouri; at Pilar, San Nicolás and Rio Tercero in Argentina; at Resende, Brazil; in Chihuahua, Mexico, and in Rače, Slovenia.

About Rotam:

Rotam is a public listed company on the Taiwan stock exchange with corporate headquarters in Hong Kong. Rotam works on a global platform yet provides local innovative crop protection solutions to growers across all major markets and crops. State of the art facilities house our research and development in China and India coupled with awell-established field station network in major markets.