Albaugh set to acquire Rotam

Albaugh and Rotam announced they have entered into an agreement under which Albaugh will acquire all outstanding shares in Rotam through a merger between the holding company of Rotam and an entity in the Albaugh group of companies. The parties have agreed on an all-cash transaction.

The combination of the businesses will create a leading global crop protection company with total sales exceeding $2 billion and multiple areas of strength, including

• A broad product portfolio combined with pipelines of new products and technologies
• Sales operations in all regions of the world
• A strong manufacturing base throughout North American, South America, Europe, India, and China
• Competencies and resources in registration, research and product development
• Team of highly professional and dedicated people

"We have long admired Rotam, their strong portfolio, competencies and people, and we look forward to welcoming them into the Albaugh family, bringing new strengths to our company and offering unique value to our customers worldwide, partners, people and society at large,” said Dennis Albaugh, founder and chairman of Albaugh

The transaction has been unanimously approved by the boards of Albaugh and Rotam and is subject to approval of Rotam’s general shareholders meeting scheduled for Feb. 8, 2022. The merger is expected to close thereafter subject to customary procedures and regulatory approvals. The transaction will be financed through cash on hand, existing credit facilities provided by a syndicate of banks, and incremental debt financing led by HSBC.

J.P. Morgan is serving as lead financial advisor to Albaugh, which is also being advised by HSBC. Jones Day and Collas Crill are serving as legal advisors to Albaugh. Deloitte Corporate Finance is serving as financial advisor to Rotam, Dentons is serving as legal advisor to Rotam.

“We share the ambition of helping farmers feed the world by developing, producing and marketing valuable products and technologies,” Rotam founder and chairman Mark Lu said. “We are very proud of what has been created at Rotam and welcome the opportunity to combine those achievements with Albaugh's scale to fully capitalize on the technologies and products developed over the past decades.”