Apr. 5, 2023
AgroFresh Solutions, Inc has announced the closing of its previously announced go-private transaction with investment funds affiliated with Paine Schwartz Partners ("Paine Schwartz"), a global leader in sustainable food chain investing.
The transaction was announced on November 22, 2022, and approved at a Special Meeting of Stockholders held on March 30, 2023.
Clint Lewis, Chief Executive Officer of AgroFresh, said, "I would like to extend my sincere appreciation to all of the Company's stockholders for their support and trust over our eight-year history as a public company. Completing this transaction with Paine Schwartz marks an exciting new chapter for the business, creating significant opportunities for AgroFresh to build upon our diversification strategy and further support our customers in their efforts to grow and distribute an abundant supply of sustainable fresh produce around the world."
Kevin Schwartz, Chief Executive Officer of Paine Schwartz, said, "We are pleased to complete this transaction and to support AgroFresh as it moves forward as a private company. We believe that with a stronger financial foundation, AgroFresh will be even better positioned to unlock value and capture growth opportunities as the Company meets the increasing demand for fresh solutions. We look forward to working closely with the AgroFresh team in this next phase as the Company pursues expansion initiatives, invests in innovation and advances its mission of preventing food waste and conserving the planet's resources."
On March 31, 2023, trading of AgroFresh's common stock was suspended on the NASDAQ Stock Exchange (the "NASDAQ"), and AgroFresh has requested that its common stock be delisted from the NASDAQ.