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AgroFresh Solutions Inc.

rose 4.7% in premarket trades Tuesday after the company confirmed a go-private buyout deal with sustainable food chain investing firm Paine Schwartz Partners. Philadelphia-based AgroFresh said it agreed to be acquired for $3.00 per share. The stock closed at $2.79 a share on Monday, with a market capitalization of $150 million. AgroFresh CEO Clint Lewis said the deal will “provide enhanced flexibility for AgroFresh to build on its strong foundation and advance its mission of preventing food waste and conserving the planet’s resources for years to come.”

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