AgroFresh Acquires Pace International LLC, Expanding Post-Harvest Solutions Portfolio [Yahoo! Finance]
SUMITOMO CHEM UNSP/ADR (SOMMY)
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Source: Yahoo! Finance
the acquisition of Pace International LLC, including its domestic and overseas operations ("Pace"). Prior to the transaction, Pace was a subsidiary of Valent BioSciences LLC, a Sumitomo Chemical Co., Ltd. group company. Pace is a respected global provider of sustainable post-harvest solutions, equipment and technical services. The acquisition of Pace bolsters AgroFresh's presence in key fruit-growing regions in North and South America and further enables the company to support its global customers with quality and freshness solutions for high value and highly perishable crops. Pace manufactures and supplies edible fruit coatings, fungicides, cleaners and sanitizers, sustainable storage treatments and application equipment for fresh produce. Integrating the Pace business expands AgroFresh's post-harvest solutions to a broader portfolio of technology, services and digital solutions in both the organic and conventional produce categories, furthering AgroFresh's ability to support custo
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