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
Organic farmer on tractor
Equipment
September 28, 2016
Small Tractor Sales On The Rebound
Retail sales of tractors under 40 horsepower gained more than 21% last month, while sales of larger tractors continued their double-digit declines. Read More
NOAA Temperature Outlook For Winter 2015-2016
Farm Management
September 28, 2016
The Time For Climate Change Denial Is Over [Opinion]
Extreme cold, droughts, flooding, record-setting temperatures have all been a part of this year’s growing season. Read More
Bob Bender (center) accepts American Vegetable Grower's 2016 Grower Achievement Award from Lonny Smith of AgroLiquid, the award's sponsor, and American Vegetable  Grower editor Rosemary Gordon
Grower Achievement Award
September 27, 2016
Tasteful Selections Is The Recipient Of American Vegetable Grower’s 2016 Grower Achievement Award
The award was presented to Bob Bender of Tasteful Selections Sept. 13 at United Fresh's Washington Conference. Read More
Urban vegetable farm in rural Cuba
Fruits
September 27, 2016
Rodale Institute Launches An Organic Farming Association
A new national organization for organic growers is designed to provide advocacy, the latest research and education, and information-sharing among farmers. Read More
Marco Rubio tours a Central Florida citrus grove with industry dignitaries
Farm Management
September 27, 2016
Politicians May Be Taking Ag For Granted [Opinion]
Growers have become masters at ensuring a steady food supply, but warning, politicians: Ignore them at your peril. Read More
U.S. Capitol Building FEATURE
Citrus
September 26, 2016
Presidential Candidates Comment On Agricultural Issues
Hillary Clinton and Donald Trump weigh in on a number of topics of concern to growers. Read More
Florida Sugar Cane field
Citrus
September 26, 2016
Florida Sugarcane Industry Strengthening From Within
Pot sweetens with promotions for three executive staffers of the state’s Growers Cooperative. Read More
The Latest
Citrus
September 29, 2016
Winter Is Coming, And It Could Get Wicke…
Forecast sees heightened freeze threat for Florida citrus; frequent snow to blast Northeast. Read More
Citrus
September 29, 2016
Celebrate National Farmer’s Day Ev…
Florida agriculture has a compelling story to tell every day, but what better time to tell it than National Farmer’s Day? Read More
Farm Management
September 28, 2016
Grants Available For Sustainable Ag In T…
More than $1 million is marked for grants to study, demonstrate, and improve sustainable ag practices. Read More
Equipment
September 28, 2016
Small Tractor Sales On The Rebound
Retail sales of tractors under 40 horsepower gained more than 21% last month, while sales of larger tractors continued their double-digit declines. Read More
Farm Management
September 28, 2016
The Time For Climate Change Denial Is Ov…
Extreme cold, droughts, flooding, record-setting temperatures have all been a part of this year’s growing season. Read More
Grower Achievement Award
September 27, 2016
Tasteful Selections Is The Recipient Of …
The award was presented to Bob Bender of Tasteful Selections Sept. 13 at United Fresh's Washington Conference. Read More
Fruits
September 27, 2016
Rodale Institute Launches An Organic Far…
A new national organization for organic growers is designed to provide advocacy, the latest research and education, and information-sharing among farmers. Read More
Farm Management
September 27, 2016
Politicians May Be Taking Ag For Granted…
Growers have become masters at ensuring a steady food supply, but warning, politicians: Ignore them at your peril. Read More
Citrus
September 26, 2016
Presidential Candidates Comment On Agric…
Hillary Clinton and Donald Trump weigh in on a number of topics of concern to growers. Read More
Citrus
September 26, 2016
Florida Sugarcane Industry Strengthening…
Pot sweetens with promotions for three executive staffers of the state’s Growers Cooperative. Read More
Cucurbits
September 25, 2016
10 Cantaloupe And Melon Varieties You Ne…
Browse this slideshow for more information on 10 cantaloupe and melon varieties you need to know about from the nation’s leading Read More
Farm Management
September 24, 2016
Water Woes Continue In Northeast
Hydrologist says this year’s conditions are bad but are part of a typical water cycle. Read More
Potatoes
September 24, 2016
USDA To Extend Deregulation To Two Lines…
Developed by J.R. Simplot, the potatoes are resistant to late blight, reduced black spot bruising, and lowered reducing sugars. Read More
Citrus
September 22, 2016
Senate Committee Report Says WOTUS Refor…
A report issued from the Senate Environment and Public Works (EPW) Committee says federal agencies overreach their authority to regulate Read More
Tomatoes
September 21, 2016
Noxious Weed Detected In Processing Toma…
The infested field was placed on hold and appropriate safeguards were implemented to prevent the movement of seeds on equipment and personnel leaving the field. Read More
Cucurbits
September 21, 2016
Don’t Let White Grubs Gobble Up Yo…
Learn how to identify, the survival and spread, as well as management methods for this pest. Read More
Citrus
September 20, 2016
Preventative Control Rules Now In Effect…
Facilities employing 500 or more people must meet new standards. Read More
Citrus
September 20, 2016
EPA Says Glyphosate Not Likely To Cause …
Paper says herbicide not carcinogenic at doses relevant for human health risk assessment. Read More
[gravityform id="62" title="false" description="false"]