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
CitrusWhole-Farm Revenue Protection Insurance To Be Available In 2016
August 31, 2015
USDA offers greater flexibility for beginning, organic and fruit and vegetable growers. Read More
Cucurbits8 Must-Have Melons
August 31, 2015
This month’s variety specs feature focuses on the latest cantaloupe and melon varieties. Some of the features highlighted include disease Read More
drought management; irrigation; water management
CitrusClear Up Misconceptions About Water Use In Ag
August 31, 2015
Those in the industry need to to clear up misconceptions about water use in agriculture. Read More
FruitsNew Airless Tire For Center Pivots
August 31, 2015
Aperture design provides flexibility over ridges to help prevent overloading of the drive train. Read More
Fruits6 Tips To Avoid Postharvest Losses
August 31, 2015
Avoiding postharvest losses essentially comes down to knowing what techniques to employ, and what to evade throughout each link in Read More
CitrusFederal Judge Blocks Clean Water Rule
August 28, 2015
  According to RISE (Responsible Industry For A Sound Environment), a federal judge in North Dakota has blocked implementation of Read More
PotatoesUSDA Deregulates Late Blight-Resistant Genetically Engineered Potato
August 28, 2015
Agency cites no significant impact of special spud developed by J.R. Simplot. Read More
The Latest
Oriental Fruit fly
CitrusExotic Fruit Flies Invade South Florida
August 31, 2015
Efforts are under way to eradicate pest that attacks more than 230 different fruits, vegetables, and nuts. Read More
Business PlanningBe Food Safety Recall-Ready [Opinion]
August 31, 2015
No one ever wants to make someone sick after consuming fresh produce, but in spite of the protocols in place, recallls happen and you must be prepared. Read More
Crop ProtectionSustainable Options For Controlling Stink Bug In Vegeta…
August 31, 2015
A researcher from Rutgers University offers pointers to help you control this pest of fruits and vegetables. Read More
CitrusWhole-Farm Revenue Protection Insurance To Be Available…
August 31, 2015
USDA offers greater flexibility for beginning, organic and fruit and vegetable growers. Read More
drought management; irrigation; water management
CitrusClear Up Misconceptions About Water Use In Ag
August 31, 2015
Those in the industry need to to clear up misconceptions about water use in agriculture. Read More
FruitsNew Airless Tire For Center Pivots
August 31, 2015
Aperture design provides flexibility over ridges to help prevent overloading of the drive train. Read More
Fruits6 Tips To Avoid Postharvest Losses
August 31, 2015
Avoiding postharvest losses essentially comes down to knowing what techniques to employ, and what to evade throughout each link in Read More
CitrusFederal Judge Blocks Clean Water Rule
August 28, 2015
  According to RISE (Responsible Industry For A Sound Environment), a federal judge in North Dakota has blocked implementation of Read More
Food SafetyLawmakers Urge FDA To Help Small Farms With FSMA Compli…
August 28, 2015
Letter from members of Congress asks FDA to expedite assistance and training for small producers. Read More
FruitsMedfly Find Prompts Quarantine In Portion Of San Diego …
August 28, 2015
A portion of San Diego County has been placed under quarantine for the Mediterranean fruit fly (medfly) following the detection Read More
Golden Rice
CitrusAnti-GMO-Fueled Threats Force Reallocation Of Biotech E…
August 27, 2015
University of Florida officials say plans are to re-allocate a donation intended to improve the public’s understanding of science after Read More
ProductionNew Vegetable Grafting Technique Reduces Labor
August 27, 2015
Researchers patent a process to eliminate rootstock with the goal of making grafting more affordable in the U.S. Read More
money
CitrusMonsanto Drops Current Bid For Syngenta Acquisition
August 27, 2015
Even with a revised proposal that sweetened the pot to $46.2 billion, financial expectations still fall flat. Read More
Leafy VegetablesThe Latest Vegetable Varieties For Covered Production
August 27, 2015
Check out cucumber, pepper and tomato offerings available from DeRuiter, Johnny’s Selected Seeds, Rijk Zwaan, and Syngenta. The greenhouse varieties are Read More
Crop ProtectionOnline Help In Determining ID Of Small Parasitic Wasps
August 25, 2015
A web-based document helps users navigate to the correct genus or species of a wasp. Read More
FruitsTraining Session To Use Online Water Management Tool
August 25, 2015
Workshop to be held at the University of California will cover CropManage, an online tool that can be used to manage water in a variety of vegetable crops. Read More
Virginia Tech campus in Blacksburg
CitrusCounting Down The Top U.S. Colleges For Natural Resourc…
August 25, 2015
STEM-fueled area of study presents wide field of opportunity for future grads. Read More
Leafy VegetablesNational Kale Day Gains Momentum
August 25, 2015
October event expands with key partnerships.   Read More