Arysta LifeScience, a Tokyo-based manufacturer of insecticides and other crop protection products with North American headquarters in Cary, has been purchased by Europe's largest private equity firm for $2.2 billion.
Arysta said the buyout firm, Permira Advisers, purchased the stake held in the company by another private equity group, Olympus Capital Holdings Asia.
Linda Frerichs, a local Arysta spokeswoman, said the buyout, subject to reviews and regulatory approvals, is not expected to affect the status of the 40 employees at the Cary facility.