Albaugh has received approval, without restrictions, from the Administrative Council for Economic Defense in Brazil (CADE) for the purchase of Rotam. Albaugh and Rotam announced the acquisition in December 2021.
Albaugh said the business combination will result in the creation of a crop protection company with total sales of more than $2 billion with a broad product portfolio and pipeline of crop protection products, sales operations in all regions of the world and a manufacturing base extending across North and South America, Europe and Asia.
The closing of the transaction is expected to take place in the second quarter of 2022, depending on pending local securities approvals according to the company.
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