Corteva Acquires Stoller Group
November 30, 2022
Corteva, Inc. signed a definitive agreement to acquire Houston-based Stoller Group, a leading independent biologicals and plant-health company with operations in more than 60 countries and forecasted 2022 revenues of over $400 million. Corteva will pay $1.2 billion in cash (≈12x expected 2022 EBITDA); the deal is expected to close in the first half of 2023 and is intended to accelerate and expand Corteva’s Biologicals capabilities and commercial reach.
- Buyers
- Corteva, Inc.
- Targets
- Stoller Group, Inc.
- Industry
- Agriculture
- Location
- Texas, United States
- Transaction Type
- Buyout
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