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Private company

AgroFresh Solutions, Inc.

American agricultural chemicals company based in Philadelphia2

In its 2023 annual report the company says: “AgroFresh Solutions, Inc. is an agriculture technology (AgTech) innovator and global leader whose mission is to prevent food loss and waste and conserve the planet’s resources by providing a range of science-based solutions, data-driven digital technologies and high-touch customer services. Our key products are sold in approximately 50 countries, and we support customers by protecting an estimated 25,000 fruit storage rooms globally.”65

Last updated Oct 21, 2026.

Overview

  • IndustryAgricultural Chemicals2
  • HeadquartersPhiladelphia, United States2
  • Incorporated inDE3
  • Business address100 S. Independence Mall West, Philadelphia, Pa 191063
  • Filer categoryNon-accelerated filer, Smaller reporting company3
  • Legal formCorporation2
  • LEI549300SBHHYUXDIB7F372
  • StatusActive2
  • LEI statusIssued and current2
  • Registered addressC/O CORPORATION SERVICE COMPANY, 19808 Wilmington, United States2
  • Registered withDivision of Corporations, Department of State, 54207422

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2022

67.0%Gross margin4
0.8%Operating margin4
-20.6%Net margin4
-2.4%Revenue growth, 20224
-19.2%Return on equity4
1.45×Debt to equity4
$12.1MFree cash flow4

Where the money goes

Where each dollar of revenue went, fiscal 2022

  • Research and development7¢$12.1M
  • Selling, general and admin32¢$52.5M
  • Other costs60¢$96.7M
  • Income tax0¢$613.0K

Out of $161.9M in revenue.4 The company lost money this year.

Where each dollar of operating cash went, fiscal 2022

  • Capital spending25¢$4.0M
  • Dividends paid66¢$10.6M
  • Kept or used elsewhere9¢$1.5M

Out of $16.2M of cash from operations.4

Financial statements

Revenue56784$161.9M in 2022+1% since 2016
0$50.0M$100.0M$150.0M$200.0M2016: $159.7M$159.7M20162017: $164.0M$164.0M2017+3%2018: $178.8M$178.8M2018+9%2019: $170.1M$170.1M2019−5%2020: $157.6M$157.6M2020−7%2021: $166.0M$166.0M2021+5%2022: $161.9M$161.9M2022−2%
Gross profit96784$108.5M in 2022+9% since 2016
0$50.0M$100.0M$150.0M2016: $99.7M$99.7M20162017: $131.4M$131.4M2017+32%2018: $132.5M$132.5M2018+1%2019: $125.0M$125.0M2019−6%2020: $115.4M$115.4M2020−8%2021: $117.0M$117.0M2021+1%2022: $108.5M$108.5M2022−7%
Operating income96784$1.2M in 2022
-$50.0M-$25.0M0$25.0M$50.0M2016: -$36.9M-$36.9M20162017: $40.8M$40.8M20172018: $7.3M$7.3M2018−82%2019: -$40.8M-$40.8M20192020: $8.5M$8.5M20202021: $2.1M$2.1M2021−75%2022: $1.2M$1.2M2022−42%
Net income96784-$33.4M in 2022−70% since 2016
-$150.0M-$100.0M-$50.0M0$50.0M2016: -$111.6M-$111.6M20162017: $23.5M$23.5M20172018: -$30.1M-$30.1M20182019: -$53.6M-$53.6M2019+78%2020: -$53.7M-$53.7M2020+0%2021: -$5.4M-$5.4M2021−90%2022: -$33.4M-$33.4M2022+515%
Fiscal year2016201720182019202020212022
Revenue$159.7M5$164.0M6$178.8M7$170.1M8$157.6M4$166.0M4$161.9M4
Gross profit$99.7M9$131.4M6$132.5M7$125.0M8$115.4M4$117.0M4$108.5M4
Research and development$14.8M9$13.8M6$13.9M7$14.1M8$12.4M4$12.9M4$12.1M4
Selling, general and admin$61.9M9$61.8M6$65.8M7$59.4M8$53.9M4$52.6M4$52.5M4
Operating income-$36.9M9$40.8M6$7.3M7-$40.8M8$8.5M4$2.1M4$1.2M4
Income before tax-$3.5M4-$34.4M4
Income tax$13.0M9-$4.6M6$1.8M7-$24.5M8$31.4M4$2.6M4-$613.0K4
Net income-$111.6M9$23.5M6-$30.1M7-$53.6M8-$53.7M4-$5.4M4-$33.4M4
Shares (weighted, basic)51.4M shares452.2M shares4
Shares (weighted, diluted)51.4M shares452.2M shares4

Compare AgroFresh Solutions, Inc. with another company

Corporate structure

AgroFresh Solutions, Inc. is part of a group headed by Project Cloud Holdings, LLC. 3 entities, 2 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of AgroFresh Solutions, Inc.

  • Project Cloud Holdings, LLC Wilmington, Delaware, United States
    • AgroFresh Solutions, Inc. Philadelphia, Pennsylvania, United States
    • AGROFRESH FRUIT PROTECTION SA Subsidiary · Paterna, Spain

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What AgroFresh Solutions, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$27.1M4 Dec 31, 2022$24.8M4 Dec 31, 2021+9.0%
Accumulated depreciation$15.4M4 Dec 31, 2022$12.8M4 Dec 31, 2021+19.6%
Property and equipment, net$11.7M4 Dec 31, 2022$12.0M4 Dec 31, 2021−2.4%
Operating-lease assets (leased space)$6.9M4 Dec 31, 2022$6.3M4 Dec 31, 2021+10.3%

Real estate and locations

ItemLatestA year beforeChange
Countries it operates in504 Dec 31, 2022508 Dec 31, 20210%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$54.4M4 Dec 31, 2022$61.9M4 Dec 31, 2021−12.2%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$04 Dec 31, 2022$04 Dec 31, 2021
Intangible assets, net (excluding goodwill)$504.4M4 Dec 31, 2022$546.7M4 Dec 31, 2021−7.7%
Indefinite-lived intangibles (excluding goodwill)$25.4M4 Dec 31, 2022$25.4M4 Dec 31, 20210%
Finite-lived intangibles, gross$832.9M4 Dec 31, 2022$833.2M4 Dec 31, 20210%
Accumulated amortization$353.9M4 Dec 31, 2022$311.9M4 Dec 31, 2021+13.5%
Finite-lived intangibles, net$479.0M4 Dec 31, 2022$521.3M4 Dec 31, 2021−8.1%

Inventory

ItemLatestA year beforeChange
Inventory, total$25.4M4 Dec 31, 2022$19.8M4 Dec 31, 2021+28.6%
Raw materials$4.0M4 Dec 31, 2022$2.7M4 Dec 31, 2021+45.4%
Work in process$4.3M4 Dec 31, 2022$3.7M4 Dec 31, 2021+13.9%
Finished goods$16.3M4 Dec 31, 2022$12.5M4 Dec 31, 2021+30.5%
Supplies$862.0K4 Dec 31, 2022$788.0K4 Dec 31, 2021+9.4%

Leadership

Who has led AgroFresh Solutions, Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Stephen S. Trevor2014
  2. Thomas D. Macphee2015
  3. Clinton A. Lewis Jr.2021–2023

President

  1. Stan Howell2015

Chief financial officer

  1. Thomas M. Larkin2014
  2. Stuart Gleichenhaus2015
  3. Margaret M. Loebl2015
  4. Katherine Carolyn Harper2016–2018
  5. Graham G. Miao2018–2023
201520202025
Board members and other officers (25)

Subsidiaries and ownership

Parent company (GLEIF)

Ownership links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); each one cites its LEI record.

Former names

  • Boulevard Acquisition Corp.Dec 5, 2013 to Jul 31, 20153

Timeline

  1. Mar 31, 2023Parent Directly consolidated by Project Cloud Holdings, LLC2
  2. Mar 31, 20238-K Entered a material agreement; Ended a material agreement; Completed an acquisition or sale44
  3. Mar 30, 20238-K Shareholder vote45
  4. Mar 24, 20238-K Other events46
  5. Jan 3, 20238-K Executive or director change47
  6. Nov 23, 20228-K Entered a material agreement48
  7. Nov 22, 20228-K Regulation FD disclosure49
  8. Nov 9, 20228-K Results of operations50
  9. Oct 27, 20228-K Entered a material agreement51
  10. Aug 9, 20228-K Results of operations52
  11. Aug 5, 20228-K Shareholder vote53
  12. Jun 7, 20228-K Executive or director change54
  13. May 11, 20228-K Financial statements and exhibits55
  14. Apr 21, 2021New chief executive Clinton A. Lewis Jr. becomes CEO13
  15. Aug 10, 2015New chief executive Thomas D. Macphee becomes CEO14
  16. Feb 12, 2014New chief executive Stephen S. Trevor becomes CEO15
  17. Oct 24, 2013Founded AgroFresh Solutions, Inc. is founded2

Calendar

When it reported results

  1. Nov 9, 2022Reported quarterly or annual results50
  2. Aug 9, 2022Reported quarterly or annual results52
  3. Mar 9, 2022Reported quarterly or annual results56
  4. Nov 10, 2021Reported quarterly or annual results57

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

108 filings to the SEC since October 2021: 3 annual reports, 4 quarterly reports, 14 major events, 45 insider forms, 11 large holders, 31 other. The latest 20:

  1. Apr 10, 202315-12G EDGAR
  2. Apr 6, 2023EFFECT EDGAR
  3. Apr 6, 2023EFFECT EDGAR
  4. Apr 4, 20234 PRIMARY DOCUMENT EDGAR
  5. Apr 4, 20234 PRIMARY DOCUMENT EDGAR
  6. Apr 4, 20234 PRIMARY DOCUMENT EDGAR
  7. Apr 4, 20234 PRIMARY DOCUMENT EDGAR
  8. Apr 4, 20234 PRIMARY DOCUMENT EDGAR
  9. Apr 4, 20234 PRIMARY DOCUMENT EDGAR
  10. Apr 4, 20234 PRIMARY DOCUMENT EDGAR
  11. Apr 4, 20234 PRIMARY DOCUMENT EDGAR
  12. Apr 4, 20234 PRIMARY DOCUMENT EDGAR
  13. Apr 4, 20234 PRIMARY DOCUMENT EDGAR
  14. Apr 4, 2023SC 13D/A EDGAR
  15. Apr 4, 20234 EDGAR
  16. Apr 4, 20234 EDGAR
  17. Apr 4, 20234 EDGAR
  18. Apr 4, 2023SC 13D/A EDGAR
  19. Mar 31, 2023S-8 POS EDGAR
  20. Mar 31, 2023S-8 POS EDGAR

The 108 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

2 open-market trades by officers, directors and large owners since October 2021: 2 buys and 0 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
May 20, 2022Lewis Clinton A. Jr.CEOBuy21,400$1.79$38.3KForm 4
May 19, 2022Lewis Clinton A. Jr.CEOBuy32,050$1.69$54.2KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How AgroFresh Solutions, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARAgroFresh Solutions, Inc.1
  • CIK0001592016
  • Employer ID (EIN)46-40072491
  • Filer statusNon-accelerated filer<br>smaller reporting company1
  • Incorporated inDelaware1
  • Fiscal year endsDecember 311
  • Industry code (SIC)2870 Agricultural Chemicals1
  • Business address100 S. Independence Mall West, Philadelphia, PA 191061
  • Phone215-592-36871
  • Shares outstanding53,717,574 as of Mar 1, 202364
  • Public float$38.7M as of Jun 30, 202264
  • On EDGAR sinceDec 5, 20131
  • Filings634 in all: 4 (283), 8-K (106), 3 (37), 10-Q (27), SC 13D/A (25), SC 13G/A (22), CORRESP (15), SC 13G (14)1
    All 44 form types

    DEFA14A (11), UPLOAD (11), 10-K (10), DEF 14A (8), EFFECT (6), 5 (5), PRER14A (4), 25-NSE (3), 8-K/A (3), S-1/A (3), S-3 (3), S-8 (3), S-8 POS (3), SC 13D (3), SC 13E3/A (3), 10-K/A (2), 424B4 (2), POS AM (2), PRE 14A (2), PREM14A (2), 10-Q/A (1), 15-12G (1), 3/A (1), 4/A (1), 424B5 (1), 8-A12B (1), CERTNAS (1), D (1), DEFM14A (1), DRS (1), NT 10-K (1), NT 10-Q (1), S-1 (1), S-1MEF (1), S-3/A (1), SC 13E3 (1)

  • Latest filingsAnnual report (10-K) Mar 10, 2023
    Quarterly report (10-Q) Nov 9, 2022
    Proxy statement (DEF 14A) Jun 24, 2022
    Latest 8-K (8-K) Mar 31, 2023

Sources

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