Earlier this week, Israeli agrochemical company Makhteshim Agan Industries announced that it will purchase Ankeny’s Albaugh, Inc for nearly 1 billion dollars. Albaugh is self-described as the “largest wholly owned formulater/packager of crop protection products in the industry.”
The company was founded by local entrepreneur Dennis Albaugh (left) in 1979 and is currently 100% owned by Albaugh, who ranked #785 on Forbes‘ 2008 list of the The World’s Billionaires.
The purchase was reported by multiple news outlets, including New York Times’ Dealbook Blog:
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Israel’s MA Pays $1 Billion for U.S. Herbicide Maker
June 28, 2010, 5:10 a.m.
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 […]
Also announced today, Ames-based Advanced Analytics is expanding to Europe. The pharmaceutical and life sciences company is currently based in the Iowa State University Research Park and features Des Moines-based venture capitalist John Pappajohn and former Iowa Governor Terry Branstad (among others) on its board of directors. The new European headquarters, including both sales and laboratory space, will be in Technologiepark on the campus of Heidelberg University in Heidelberg, Germany.
Advanced Analytical opens sales office and laboratory in Heidelberg, Germany
Ames, Iowa – July 1, 2010 – Advanced Analytical, headquartered in Ames, Iowa, has opened a new sales office and laboratory in Heidelberg Germany. The new facility is located in the Technologiepark on the campus of the Heidelberg University. By opening this office, the company will be able to provide better representation over sales for our suite of products sold as well as provide better support and service for our […]
