Agrium Acquires A Controlling Interest In Biotech Company Agricen, Through Loveland Products

Loveland Products, a subsidiary of Agrium and a global provider of crop input products and proprietary products provider for Agrium Retail globally, today announced that the company has acquired a controlling interest in Agricen, a Dallas-area agricultural biotechnology company delivering biochemical-based products for efficient and sustainable plant nutrition.

Agricen manufactures two of Loveland Products’ fastest growing plant nutrition brands, Accomplish LM and Titan PBA, which are biologically derived products designed to enhance fertilizer efficiency. Agricen will operate as a Loveland Products subsidiary under its present name. Loveland Products has also acquired an interest in Agricen’s sister company, Agricen Sciences, an applied sciences research company developing novel microbial and biochemical solutions for plant health and nutrition.

“These strategic investments are the initial steps in the extension of our long-term strategy for the discovery and commercialization of next-generation technologies that enhance plant health and improve crop productivity,” said Brent Smith, Vice President, Loveland Products. “We have a long history of working with Agricen and Agricen Sciences, so this is a natural place to begin a new, concerted effort to deliver innovative and sustainable plant health technologies that complement conventional growing practices around the world.”

Under the terms of the agreement, Smith will take on the role of Chairman of the Board of Agricen, and will serve on the Board of Agricen Sciences. Jeff Tarsi, vice president of strategy and international retail for Crop Production Services will also join the Agricen Board. Loveland Products is the proprietary products provider for all of Agrium Retail in North America, Australia and South America, including crop production services. Financial terms of the deals were not disclosed.

“By combining Loveland Products’ extensive reach in the agriculture industry with Agricen’s and Agricen Sciences’ history in agricultural biologicals, we have a significant opportunity to create value for growers with next-generation agricultural tools that complement and enhance existing plant nutrition practices,” said Michael Totora, President and CEO of Agricen.

Loveland Products provides input solutions to growers across more than 40 countries and is a part of publicly traded Agrium Inca global crop input and agricultural services provider. Loveland Products and Agricen (then Advanced Microbial Solutions) had previously entered a strategic partnership agreement in 2012, which gave Loveland an ownership position in Agricen, as well as exclusive, worldwide distribution rights to existing Agricen technology and access to an integrated pipeline of new product and technology opportunities.

Source: Agrium press release

Topics: ,

Leave a Reply

Vegetables Stories
cash money in hand
Citrus
July 27, 2016
Stockholders OK Dow, DuPont Merger
Companies intend to separate into three, independent companies. Read More
Workers picking in a Florida strawberry field
Berries
July 26, 2016
Wish Farms Commits $100K To Food Safety Cause
Central Florida berry operation will donate $20,000 annually over the next five years to fund various research projects backed by the Center for Produce Safety. Read More
Photo courtesy of American Sweet Potato Marketing Institute
Farm Management
July 26, 2016
Mexico Has Potential For U.S. Sweet Potato Exports  
Assessment concluded that opportunities abound if Mexican buyers better understand grades, sizes, and quality of U.S. product. Read More
anti-GMO corn spoof via social media
Crop Protection
July 25, 2016
Study: GMO Ban Would Hurt Economy And Environment
Food prices and greenhouse gas emissions would rise, according to paper by Purdue University agricultural economist. Read More
GAA winner Pero 2015
Farm Management
July 25, 2016
Seven Reasons You Need To Attend The United Fresh Washington Conference
Education sessions and Capitol Hill visits will focus on key issues, such as labor, facing the fresh produce industry. Read More
Photo by Rosemary Gordon
Tomatoes
July 25, 2016
New Research Uncovers Gene That May Be Key To Expanding Tomato Shelflife
Scientists identify a gene that encodes an enzyme which plays a pivotal role in controlling tomato softening. Read More
watermelon field R Gordon
Crop Protection
July 25, 2016
Organic Insect Control Product Available From BioWorks
The mycoinsecticide is EPA registered and controls a variety of insect pests. Read More
The Latest
Citrus
July 28, 2016
Florida’s Medicinal Cannabis Venture Off…
The state’s first dispensary of product comes online in Tallahassee, others waiting for the green light. Read More
Citrus
July 27, 2016
Ag Tech Is Hot On Horticulture; Get A Ha…
As evidenced by the recent AgTech Summit hosted by Forbes magazine in Salinas, CA, action in precision farming and the Read More
Potatoes
July 27, 2016
Hail Hammers Potato Crops In North Dakot…
Storms have wreaked havoc on crops in the Peace Garden State. Read More
Citrus
July 27, 2016
Stockholders OK Dow, DuPont Merger
Companies intend to separate into three, independent companies. Read More
Farm Management
July 26, 2016
Mexico Has Potential For U.S. Sweet Pota…
Assessment concluded that opportunities abound if Mexican buyers better understand grades, sizes, and quality of U.S. product. Read More
Crop Protection
July 25, 2016
Study: GMO Ban Would Hurt Economy And En…
Food prices and greenhouse gas emissions would rise, according to paper by Purdue University agricultural economist. Read More
Farm Management
July 25, 2016
Seven Reasons You Need To Attend The Uni…
Education sessions and Capitol Hill visits will focus on key issues, such as labor, facing the fresh produce industry. Read More
Tomatoes
July 25, 2016
New Research Uncovers Gene That May Be K…
Scientists identify a gene that encodes an enzyme which plays a pivotal role in controlling tomato softening. Read More
Crop Protection
July 25, 2016
Organic Insect Control Product Available…
The mycoinsecticide is EPA registered and controls a variety of insect pests. Read More
Cucurbits
July 22, 2016
California Cantaloupe Growers To Celebra…
The Golden State’s cantaloupes are now in peak production from major areas in the San Joaquin Valley. Read More
Citrus
July 21, 2016
Farm Labor Delays Taking Toll On Crops […
When it comes down to it, we have a choice to make. We either have to import our labor, or we'll have to import our food. Read More
Citrus
July 20, 2016
My First Trip To Cuba Proves Fruitful
The five-day journey was enlightening, providing participants with a better perspective of the state of agriculture in this country 90 miles off Florida’s coast. Read More
Citrus
July 19, 2016
Funds Allocated To Address Impact Of Cli…
NIFA announces $8.4 for study and development of new approaches to mitigate effects of climate change. Read More
Crop Protection
July 18, 2016
Early Infection Of Downy Mildew Confirme…
The pathogen has been confirmed in Michigan cucumbers in Bay County for the 2016 season. Read More
Citrus
July 18, 2016
USDA Awards More Than $26 Million For Af…
The funding is to support more than 400 rental units in four states. Read More
Crop Protection
July 18, 2016
Potato Growers: Be On The Lookout For Ne…
Standard measures have been typically less effective against new strains. Read More
Business Planning
July 18, 2016
Financial Fortitude Key For Small Farm S…
Local threats like citrus greening create additional challenges for many of Florida's more modest enterprises. Read More
Citrus
July 18, 2016
Bayer Ups Bid To Buy Monsanto
Reports indicate new offer at nearly $65 billion. Read More
[gravityform id="62" title="false" description="false"]