Skip to main content

Israel’s MA Pays $1 Billion for U.S. Herbicide Maker


Makhteshim Agan Industries, an agrochemical company based in Israel, will buy Albaugh, a maker of herbicide based in Iowa, for about $1 billion.The company, also known as MA Industries, said on Sunday that it had signed a letter of intent to pay $340 million in cash, $455 million in seven-year promissory notes and 59 million of its shares, equivalent to a 12 percent stake and worth $211 million, Reuters reported.



MA is a subsidiary of Koor Industries, itself part of the IDB Group. It had sales of $2.2 billion in 2009 and ranks seventh among global agrochemical companies.
“This is a transformational acquisition,” Erez Vigodman, president and chief executive of MA, said in a statement. “It extends our industry leadership to North and South America, giving us the opportunity to participate in fast-growing markets and significantly improving the global balance and diversity of our revenue sources.”
Albaugh, which was founded in 1979 by Dennis Albaugh, is based in Ankeny, Iowa, in the heart of the American grain belt.more

Comments

Popular posts from this blog

1914 Germany Afrikaner farmer Agreement

thank you Etienne 
translated from Afrikaner to EnglishTo all the people of the white race all over the world, most of all to the German nation: This is an important agreement Concerning the South African Boer people and the German nation. It has to do with an agreement between the Boer rebellion and the German troops in Southwest Africa. The Boer rebellion were lead by leaders of the Afrikaaner nation (General Manie Maritz, General SG Maritz, General Koss Delarey) and who’ll be fought against the English in the Second Anglo-Boer war from 1899 to 1902, where the Afrikaaner nation under hun president In Paul Kruger ulcers completely humiliated by the English when ze ulcers forced to sign the Treaty of Vereeniging in 1902. The atrocities committed against the Boers in the Concentration camps ulcers horriffic to say the least, and at least 30 000 Boer women and Children Were driven from hun farms Which Were torched under Lord Kitchener’s Scorched Earth policies. The attached files are an ima…

Gangs are everywhere, including the burbs, not to worry though 'We Have A Program For That"

TUESDAY, OCTOBER 31, 2006
Hardcore Gangs Hit Ohio Suburbs GANGS IN THE ’BURBS
Subversive element creeping beyond Columbus’ borders
Last year, Westerville North High School suspended two students who flashed MS-13 hand signs and drew gang insignia during an English-asa-second-language class. MS-13, or Mara Salvatrucha, is a notoriously violent street gang with roots in Los Angeles. It was formed by immigrants from El Salvador.

Gang crime isn’t nearly as serious or common in the suburbs as in some Columbus neighborhoods, but suburban schools and police departments are increasingly on watch.
"It’s not so centralized in the inner city as it used to be," said Pat Brooks, a veteran Columbus police gang unit officer.

Suburban police call Brooks and his colleagues when they suspect gang activity in their jurisdictions.

Most of the crack dealers in Reynoldsburg are gang members who live in Columbus, said Tye Downard, a Reynoldsburg police narcotics detective.

They go there to make mor…