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M&A Deal Summary

AgroFresh Acquires Pace International

On March 27, 2024, AgroFresh acquired chemicals company Pace International from Valent BioScience

Acquisition Highlights
  • This is AgroFresh’s 1st transaction in the Chemicals sector.
  • This is AgroFresh’s 1st transaction in the United States.
  • This is AgroFresh’s 1st transaction in Washington.

M&A Deal Summary
Date 2024-03-27
Target Pace International
Sector Chemicals
Buyer(s) AgroFresh
Sellers(s) Valent BioScience
Deal Type Divestiture

Target

Pace International

Wapato, Washington, United States
Pace International is a provider of post-harvest solutions and technologies, equipment, and technical services to maximize efficiencies in packing operations and increase the value of crops being processed. Pace International is based in Wapato, Washington.

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Buyer(S) 1

Buyer

AgroFresh

Philadelphia, Pennsylvania, United States
Category Company
Founded 1994
Sector Chemicals
Employees300
Revenue 166M USD (2021)
DESCRIPTION

AgroFresh is a provider of data-driven specialty chemical solutions aimed at enabling growers and packers of fresh produce to preserve and enhance the freshness, quality, and value of fresh produce and to maximize the percentage of products supplied to the market relative to the amount of produce grown. AgroFresh Solutions was incorporated in 1994 and is based in Philadelphia, Pennsylvania.

DEAL STATS #
Overall 2 of 2
Sector: Chemicals M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Washington M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-19 Tessara

Cape Town, South Africa

Tessara is a manufacturer of sulfur dioxide sheets, which are used to preserve fresh produce during export. Its flagship product is Uvasys, a SO2-based sheet, primarily used to protect table grapes against Botrytis infection, which is responsible for almost 50% of all post-harvest agricultural loss. Uvasys also enhances transportation, export and storage of grapes. Tessara was founded in 1985 and is based in Cape Town, South Africa.

Buy -

Seller(S) 1

SELLER

Valent BioScience

Libertyville, Illinois, United States
Category Company
Founded 1999
Sector Chemicals
DESCRIPTION

Valent BioSciences Corporation is a provider of highly effective low-risk, environmentally compatible technologies and products for the agricultural, public health, forestry, and household markets.

DEAL STATS #
Overall 1 of 1
Sector: Chemicals M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Washington M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-04 Mycorrhizal Applications

Grants Pass, Oregon, United States

Mycorrhizal Applications Inc. is a research and developer of mycorrhizal inoculum for commercial use.

Buy -
Mergr

Product

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