Arysta LifeScience Corporation to Acquire Grupo Bioquimico Mexicano, S.A. de C.V. (GBM)

Arysta LifeScience Corporation today announced it signed a definitive agreement to acquire Grupo Bioquimico Mexicano, S.A. de C.V. (GBM), the leading Mexican manufacturer and marketer of inputs for the fruit and vegetable market. The acquisition of GBM increases the overall presence of Arysta LifeScience in the high-value fruit and vegetable crop market, especially in Mexico, but also in Central and South America and globally. GBM's 2006 sales were approximately US$40 million. The transaction, which is pending approval by regulatory authorities, includes GBM and its subsidiaries, affiliated real estate and employee service companies, as well as its formulation and manufacturing facilities in Ramos Arizpe, Coahuila, Mexico.