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
photo illustration showing confusion
Citrus
June 24, 2016
Is It EPA’s Intention To Help Or Harm Farmers? [Opinion]
A common theme I see in complaints about the government agency is it appears to be taking action more and more based on ideology and public opinion rather than sound science. Read More
Honeybee among vegetable blooms
Crop Protection
June 23, 2016
Scientists Selected To Work On Healthy Hives 2020 Initiative
The four-year, $1 million program has a goal of improving the health of honeybee colonies. Read More
produce family shopping grocery
Citrus
June 23, 2016
Survey: Consumers Hungry For More Info On GMOs
University of Florida researchers find learning opportunity among poll results regarding genetically modified foods. Read More
2015 FFVA Annual Convention crowd
Citrus
June 23, 2016
Florida Fruit & Vegetable Association Convention To Cover Critical Issues
Mike Allen, a Founder of Politico and its Chief White House Correspondent, slated as keynote speaker for association's 73rd annual gathering. Read More
Close-up of a brown stink bug
Fruits
June 22, 2016
Florida Growers Warned To Beware Of Brown Stink Bugs
Learn how to identify, the survival and spread, as well as management methods for this insect pest. Read More
UAV in flight
Citrus
June 22, 2016
Heads Up: FAA Finalizes Rules For Small Drones
Regulations will create new opportunities for business and government entities to use unmanned aircraft systems weighing less than 55 pounds. Read More
overflowing beaker in science lab
Citrus
June 21, 2016
Sound Science Struggling To Win Over Skeptics [Opinion]
We all want the truth. But can we handle it? Read More
The Latest
Farm Marketing
June 28, 2016
Parts Of Michigan Close To Drought Statu…
USDA report indicates parts of the state have received less than one inch of rainfall in June. Read More
Citrus
June 28, 2016
Panama Canal Expands For New Trade Oppor…
First vessel passes through new, larger locks as country celebrates. Read More
Farm Management
June 24, 2016
Senate Reaches Agreement On GMO Labeling…
The measure would nullify Vermont's first-in-the-nation GMO labeling law, which takes effect July 1. Read More
Citrus
June 24, 2016
Is It EPA’s Intention To Help Or H…
A common theme I see in complaints about the government agency is it appears to be taking action more and more based on ideology and public opinion rather than sound science. Read More
Crop Protection
June 23, 2016
Scientists Selected To Work On Healthy H…
The four-year, $1 million program has a goal of improving the health of honeybee colonies. Read More
Citrus
June 23, 2016
Survey: Consumers Hungry For More Info O…
University of Florida researchers find learning opportunity among poll results regarding genetically modified foods. Read More
Citrus
June 23, 2016
Florida Fruit & Vegetable Associatio…
Mike Allen, a Founder of Politico and its Chief White House Correspondent, slated as keynote speaker for association's 73rd annual gathering. Read More
Fruits
June 22, 2016
Florida Growers Warned To Beware Of Brow…
Learn how to identify, the survival and spread, as well as management methods for this insect pest. Read More
Citrus
June 22, 2016
Heads Up: FAA Finalizes Rules For Small …
Regulations will create new opportunities for business and government entities to use unmanned aircraft systems weighing less than 55 pounds. Read More
Citrus
June 21, 2016
Sound Science Struggling To Win Over Ske…
We all want the truth. But can we handle it? Read More
Protected Agriculture
June 20, 2016
NatureFresh Farms Is A Winner In Greenho…
The greenhouse grower takes home top awards in four categories in the Greenhouse Vegetable Competition held each year during the Leamington Fair in Ontario, Canada. Read More
Farm Management
June 20, 2016
Frozen Mixed Vegetables, Green Peas Reca…
The products being recalled were distributed in stores nationwide. Read More
Fruits
June 18, 2016
New Effort Highlights The Heralded 4 Rs …
The Nature Conservancy and The Fertilizer Institute join forces in nutrient stewardship partnership and related sustainable farming practices. Read More
Equipment
June 17, 2016
New Tractor For The Small Grower On The …
New business venture's goal is to meet the needs of those producing on a limited number of acres. Read More
Farm Management
June 16, 2016
Separating Fact From Fiction Crucial Ami…
Even from the din of skepticism, science-based arguments speak volumes. Read More
Leafy Vegetables
June 15, 2016
15 Of The Latest Cabbage Varieties
This slideshow provides details on 15 cabbage varieties from the nation's leading seed breeders and distributors. Read More
Farm Marketing
June 15, 2016
Former MLB Slugger Finds Field Of Dreams…
Retired Boston Red Sox player Mike Greenwell turns his gardening hobby into a full-time farming passion. Read More
Crop Protection
June 15, 2016
Robotic Weeder Makes Its Debut
Developed in France, the autonomous, electric-powered, lightweight machine doesn’t compact soil and operates for up to eight hours. Read More
[gravityform id="62" title="false" description="false"]