Arysta LifeScience completes its acquisition of Etec Crop Solutions

Date:06-04-2018

Platform Specialty Products Corporation (NYSE:PAH) ("Platform") announced today that Arysta LifeScience, which comprises its Agricultural Solutions segment, has completed the acquisition of Etec Crop Solutions in New Zealand.

Etec Crop Solutions has been a significant supplier of agrochemical solutions in New Zealand. The company develops and commercializes innovative high-value specialty products across the entire spectrum of pastoral, horticultural, arable, pest control, turf and forestry markets. Since 1989, Etec has introduced approximately 160 products, developing a balanced portfolio of differentiated solutions for New Zealand growers. Key brands include Duwett, Flute, Hammer, Isomate, Magister and Metarex.

Prior to this acquisition, Arysta LifeScience had been offering its products - including fungicides, herbicides, insecticides, and seed treatments - in Australia and New Zealand through its Arysta LifeScience Australia business. With the completed acquisition of Etec, the company expects that its strengthened presence in the region will allow it to provide New Zealand customers with a broader range of products tailored to the unique needs of growers in this attractive market.

"This acquisition underscores our differentiation efforts in the Crop Protection and BioSolutions markets, where we focus on specialty applications and tailored local solutions," said Rico Christensen, President of Arysta LifeScience North America, Australia and New Zealand. "Etec's focus on high-value crops and innovation fits well with the Arysta LifeScience strategy. We are excited to join forces with Etec in order to benefit from their product positioning expertise as well as their strong presence and relationships in the growing New Zealand market."

"Our companies are an ideal fit," added John Read, Etec Country Manager. "We share a philosophy and a business strategy of focusing on bringing innovative Crop Protection solutions to growers. We expect the synergy from our combined companies to allow us to expand our offerings and offer greater solutions to growers across the country."

Under the ownership of Arysta LifeScience, Etec plans to initially operate using the Etec company name, in addition to their current brand names, until full transition to the Arysta LifeScience name.