AgroFresh sees growth after cut with Dow

AgroFresh Solutions, Inc. has announced its financial results for the three and nine months ended September 30, 2015. AgroFresh became a stand-alone company upon closing of a transaction with The Dow Chemical Company on July 31, 2015.

Thomas Macphee, Chief Executive Officer, commented, "We successfully launched AgroFresh as an independent public company on July 31st, making a seamless transition as we continued to execute on our strategy to drive profitable growth. Our performance in the third quarter reflected solid increased penetration of SmartFresh™ for apples and other crops. This is consistent with both our growth strategy and our strong position with customers globally. While the smaller size of this year’s Northern Hemisphere apple crop is a headwind, our continued very strong profit margins and cash flow reflect an excellent start for AgroFresh.”

Margaret Loebl, Executive Vice President and Chief Financial Officer, added, "Our high margin structure and cash generation are key tenets of the AgroFresh business model and effective cost management has contributed most specifically to the EBITDA growth in year-to-date 2015. Our confidence in our strategy and commitment to enhancing shareholder value was also reflected in the warrant repurchase program that we announced and, subsequent to the end of the third quarter, completed.”

Click here to view the results.

For more information, please visit www.agrofresh.com.