Navigation Links
Agrium, through Loveland Products, Acquires a Controlling Interest in Agricultural Biotechnology Company Agricen
Date:8/26/2014

LOVELAND, Colo., Aug. 26, 2014 /PRNewswire/ --  Loveland Products, a subsidiary of Agrium and a leading global provider of high-performance 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, Mr. 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 innovative input solutions to growers across more than 40 countries and is a part of publicly traded Agrium Inc. (TSX and NYSE: AGU), a 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.

Additional Resources:

Click to Tweet: Loveland Products acquires controlling interest in ag biologicals company Agricen

About Loveland Products, Inc.

Loveland Products, Inc. offers a complete line of high-performance input products to the global agricultural and professional non-crop industries. Loveland Products' diversified portfolio of premium products consists of seed treatment, plant nutrition, fertilizer, adjuvant and crop protection products, which are available through Agrium Retail in North America, South America and Australia, and through distribution partners in over 40 countries globally. Loveland Products strives to bring new, unique products and technologies to the marketplace to provide innovative solutions to problems across the agricultural and professional non-crop industries. For more information, please visit www.lovelandproducts.com.

About Agricen

Agricen, a Loveland Products Company, is an agricultural technology company delivering innovative biochemical-based solutions and products for efficient and sustainable plant nutrition. Agricen helps growers adapt to the rapidly changing demands of modern agriculture by providing the most effective tools to increase nutrient availability and uptake, improve sustainability and increase yields. Agricen's biochemical technology has been tested – and proven – in over 600 field and greenhouse studies conducted by the company, universities, the USDA and other third-party evaluators. For more information, please visit www.agricen.com or follow us on Facebook, Twitter, LinkedIn or Pinterest.

About Agricen Sciences

Agricen Sciences is an applied sciences research company leading the development of novel microbial and biochemical solutions for plant nutrition and health. The company's cutting-edge research programs on soil-plant systems are yielding new insights for crop nutrition, soil science and nutrient management. By applying this knowledge, Agricen Sciences is developing innovative solutions to address the sustainability and production challenges facing modern agriculture. For more information, please visit www.agricensciences.com.

About Agrium

Agrium Inc. is a major Retail supplier of agricultural products and services in North America, South America and Australia and a leading global Wholesale producer and marketer of all three major agricultural nutrients and the premier supplier of specialty fertilizers in North America. Agrium's strategy is to provide the crop inputs and services needed to feed a growing world. We focus on maximizing shareholder returns by driving continuous improvements to our base businesses, pursuing value-added growth opportunities across the crop input value chain and returning capital to shareholders.

Accomplish® and Titan® are registered trademarks of Loveland Products, Inc.

 

 

Logo - http://photos.prnewswire.com/prnh/20140821/138689
Logo - http://photos.prnewswire.com/prnh/20140821/138690  
Logo - http://photos.prnewswire.com/prnh/20140821/138884
Photo - http://photos.prnewswire.com/prnh/20140821/139335  


'/>"/>
SOURCE Loveland Products
Copyright©2014 PR Newswire.
All rights reserved

Related biology technology :

1. Microfabrication breakthrough could set piezoelectric material applications in motion
2. Elsevier Supports International Crisis Aid Through Pillars of Hope Campaign
3. Transparent material breakthrough
4. Blocked holes can enhance rather than stop light going through
5. U of Toronto experiment named top breakthrough of 2011 by Physics World
6. Epitomics, Inc. and University of California, Davis, Complete Star Program for High-Throughput Measurement of Antibody-Antigen Interactions
7. Almost perfect: A breakthrough in superlens development
8. Water sees right through graphene
9. Nanosurgery and the fight against cancer: Major breakthrough at Polytechnique Montral
10. Low-cost optical components through nanoimprinting lithography
11. Research breakthrough takes supercomputing out of the lab
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:12/5/2016)... 5, 2016  Renova™ Therapeutics, a biotechnology company ... and other chronic diseases, announced that Catherine ... Chief Financial Officer (CFO), effective today. ... of experience in financial management for a variety ... companies. Most recently, Ms. Bovenizer was the Vice ...
(Date:12/5/2016)... Dec. 5, 2016  Eisai Inc. announced today ... study of rufinamide, which were presented at the ... (AES) held from December 2-6 in ... safety, tolerability and cognitive data showed that patients ... safety and tolerability profiles, cognitive development and behavior, ...
(Date:12/4/2016)... ... December 02, 2016 , ... ... -operated small businesses in federally funded research and development is welcome news for ... optics and photonics . , As part of the National Defense Authorization Act ...
(Date:12/4/2016)... SPRINGFIELD, Mass. and CAMBRIDGE, ... South Africa , Dec. 4, 2016 /PRNewswire/ ... and providing connected diagnostics software platforms for the ... on making "Anywhere. Care.™" a reality with its ... companies have entered into a development and license ...
Breaking Biology Technology:
(Date:11/28/2016)... 2016 "The biometric system ... The biometric system market is in the growth ... near future. The biometric system market is expected to ... a CAGR of 16.79% between 2016 and 2022. Government ... technology in smartphones, rising use of biometric technology in ...
(Date:11/19/2016)... -- Securus Technologies, a leading provider of civil and ... and monitoring, announced today that it has offered a ... independent technology judge determine who has the largest and ... calling platform, and the best customer service. ... what we do – which clearly is not the ...
(Date:11/15/2016)... Research and Markets has announced the addition ... report to their offering. ... The global ... from USD 6.21 Billion in 2016, growing at a CAGR of ... bioinformatics market is driven by the growing demand for nucleic acid ...
Breaking Biology News(10 mins):