Powder/Bulk Solids is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Utility Menu

Powder/Bulk Solids

The Source for Dry Processing and Bulk Handling Technology

Innophos Shareholders OK Acquisition by Equity Firm

January 17, 2020

The shareholders of ingredients manufacturer Innophos Holdings Inc. voted to approve the acquisition of the firm by an affiliate of private equity firm One Rock Capital Partners LLC this week, moving the deal closer to completion, the firm said in a company press release. 

Plans for the deal were first announced in October 2019 when One Rock signed a definitive agreement to purchase Innophos for $932 million. The Cranbury, NJ-based company’s board of directors unanimously approved One Rock’s proposal to buy all of its outstanding shares for $32 per share.

Click here for information about the upcoming International Powder & Bulk Solids Conference/Exhibition

Innophos said Wednesday that is shareholders “overwhelmingly approved the transaction. Over 99% of those voting wanted the transaction to proceed, according to the company. 

The deal is expected to close in February 2020. Innophos will become a privately held company and its shares of common stock will be withdrawn from the public market. 

Bloomberg reported that Innophos started considering a sale with a financial advisor in September 2019. 

For more news headlines, articles, and equipment reviews, visit our Equipment Zones

More Innophos Holdings articles:

Eastman Chemical Names Innophos Holdings CEO to Board

Innophos Moves on $125M Acquisition of Supplement Maker

Innophos Elects Salmon Vice President and Chief Financial Officer