- Platform Specialty Products (NYSE:PAH-OLD) agrees to acquire agricultural chemicals maker Arysta LifeScience from a company backed by P-E firm Permira Holdings for ~$3.51B.
- Arysta, which had net sales of $1.5B in 2013, supplies insecticides, fungicides and herbicides.
- PAH says the acquisition will have no impact on its status as a U.S.-domiciled company.
- PAH also issues in-line guidance for Q3, seeing revenues of $195M-$197M vs. $197M analyst consensus estimate and adjusted EBITDA of $51M-$52M, which PAH says would represent a record quarter.