Nufarm Ltd says its acquisition of two crop protection firms in the United Kingdom and the United States for $236 million will boost annual earnings and help it meet unprecedented demand for agricultural chemicals.
Nufarm has acquired British phenoxy herbicides supplier AH Marks Holdings Ltd and has agreed to acquire Etigra LLC in the US, which supplies crop protection products to the turf and specialty markets.
The company said the acquisitions would lift forecast annual net profit by $5 million this financial year to $150 million, up from the previous forecast of $145 million.
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