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
Brussels Sprout on a fork
Citrus
February 16, 2017
Food Trends Driving Growth Opportunities for Florida Farmers
More niche markets emerging for growers to give consumers what they want and need. Read More
Vegetables
February 15, 2017
Tanimura & Antle Will Now Be Partially Employee-Owned
The third-generation farming company takes employee commitment to the next level Read More
Business Planning
February 15, 2017
Are Retailers Your New Competition?
Target will be following a trend that is already under way in Germany and China: offering shoppers greens that are grown right there in the store. Read More
Farm Management
February 14, 2017
Californians Holding Breath as More Storms Loom
Nearly 200,000 people evacuated below nation’s tallest dam; even growers have had enough for now. Read More
Wish Farms mega strawberry donation
Berries
February 14, 2017
Wish Farms Shows Love With Super-Sized Strawberry Donation
More than 4,000 pounds of locally grown produce from Central Florida farming operation goes to help feed needy families in the Tampa area. Read More
farm labor pic for web
Fruits
February 10, 2017
Immigration Enforcement Warning Issued by Western Growers
Association advises members to prepare for Immigration and Customs Enforcement raids in wake of Trump’s executive order. Read More
Florida Beauty strawberries
Berries
February 10, 2017
New Florida Strawberry Shaping up to Be a Thing of Beauty
Unique variety, a collaboration between UF/IFAS and an Australian scientist, still in its early stages. Read More
The Latest
Citrus
February 17, 2017
How Precision Agriculture Is Helping Far…
New Florida-based organization is seeking to break down barriers between farmers and shoppers by providing a platform to not only show what it is grown, but how it's grown. Read More
Equipment
February 17, 2017
Wanted: Tech Innovators for Drone Challe…
Land O'Lakes Prize offers up $150,000 to help make drones more useable for farmers Read More
Fruits
February 17, 2017
Are Drones the Future of Pollination?
Researchers in Japan have turned drones into robot bees as artificial pollinators. Read More
Citrus
February 16, 2017
Food Trends Driving Growth Opportunities…
More niche markets emerging for growers to give consumers what they want and need. Read More
Vegetables
February 15, 2017
Tanimura & Antle Will Now Be Partial…
The third-generation farming company takes employee commitment to the next level Read More
Business Planning
February 15, 2017
Are Retailers Your New Competition?
Target will be following a trend that is already under way in Germany and China: offering shoppers greens that are grown right there in the store. Read More
Farm Management
February 14, 2017
Californians Holding Breath as More Stor…
Nearly 200,000 people evacuated below nation’s tallest dam; even growers have had enough for now. Read More
Fruits
February 10, 2017
Immigration Enforcement Warning Issued b…
Association advises members to prepare for Immigration and Customs Enforcement raids in wake of Trump’s executive order. Read More
Fruits
February 6, 2017
Organic Trade Association Rallies Suppor…
Group is encouraging consumers to tell USDA they support an organic research and promotion program. Read More
Citrus
February 5, 2017
New Product Helps Bees Brush Off Mites
A British company developed Bee Gym, distributed by Vita Ltd. Read More
Citrus
February 2, 2017
Florida Seeking to Fete More Eco-Innovat…
Nominations open for the Commissioner’s Agricultural-Environmental Award. Read More
Vegetables
February 2, 2017
Meet the New Editor of American Vegetabl…
Carol Miller leads American Vegetable Grower forward as our business – and yours – evolve with the times. Read More
Tomatoes
February 1, 2017
Lipman Takes Home Virginia Clean Water F…
The Florida-based tomato producer has received the 2016 Virginia Clean Water Farm Award in the Grand Basin district. Read More
Irrigation
January 31, 2017
Use Water Pressure to Get More from Your…
Pressure management is key to successfully operating drip systems because getting the pressure right will assure that you are getting the water right. Read More
Crop Protection
January 31, 2017
Defend Your Cole Crops from Three Critic…
Learn symptoms, causal agents, and control measures for black rot, Alternaria leaf spot, and downy mildew. Read More
Vegetables
January 31, 2017
Take a Look at Our Top Graphics from the…
Through our analysis of American Vegetable Grower's 2017 State of the Vegetable Industry, we learned a great deal about your viewpoints, how issues change from one side of country to the other, and even learned a little more about you, the grower. Read More
Citrus
January 30, 2017
List of Best College Farms Released
Website evaluated farms on sustainability factors, community programming, and courses available at the university or college farm, not just in the classroom. Read More
Equipment
January 30, 2017
The Latest Developments in Sprayer Tech…
Cornell University’s Andrew Landers offers details on the latest advancements in sprayers, tips to reduce drift, and how to choose the proper nozzle. Read More