Verdesian Life Sciences Acquires SFP02 July 2014
GLOBAL – Verdesian Life Sciences announced that it has acquired Specialty Fertilizer Products (SFP), a Leawood, Kansas-based company focused on fertilizer efficiency products.
The transaction promises to benefit customers by building on Verdesian’s history of bringing new, intellectually protected and patented products to market.
By joining forces with SFP, Verdesian will gain more than 270 patent properties and be able to offer:
- A broader portfolio for customers;
- More solutions to meet growers’ needs;
- A greater focus on key customers with the largest plant nutritional sales force in the United States; and
- A robust pipeline in plant nutrition.
According to Grow, there will be no immediate staffing changes except in the reporting structure at the senior management level. For example, Sanders has been named executive vice president of Polymer Technology and will report to Verdesian’s J.J. Grow. The sales forces of both organizations will continue to service their clients through 2014. In early 2015, SFP will become Verdesian and a combined sales force will be formed.
Financial terms of the deal will not be disclosed. The current US and international pricing, product distribution, programs and policies for all products offered by Verdesian Life Sciences, including the acquired SFP products, will remain in place through 2014.
“SFP’s innovative fertilizer solutions are a natural fit with Verdesian’s expansive product offerings that increase grower yields and return on investment,” said J.J. Grow, chief executive officer for Verdesian Life Sciences. “Bringing SFP into the Verdesian family represents another step in our long-term strategy to build a leading portfolio of plant health and nutrition products.”
Verdesian will further enhance its position in the crop markets with the addition of AVAIL® Phosphorus Fertilizer Enhancer, NutriSphere-N® Nitrogen Fertilizer Manager and More Than Manure® Nutrient Manager. These products complement the current portfolio that includes Nutri-Phite® and Nutri-Phite® Plus, Sterics®, Take Off®, PolyAmines™, and the INTX® line of inoculants and seed treatments.
“This move strengthens our ability to bring a new level of plant health technology to customers as the demand and expectations for these valuable products continue to grow," Grow added. "We also remain committed to the research and development of products that are environmentally sustainable.”
"We are excited to join Verdesian, which will enable us to take our business to the next level,” said SFP founder J. Larry Sanders, who has served as president and chief executive officer. “As part of Verdesian, we will be able to offer our revolutionary and environmentally beneficial fertilizer efficiency technology to more growers in more markets, and to bring the exciting products we have in our pipeline to market.”
Verdesian Life Sciences is a plant health and nutrition company with patented biological, nutritional, seed treatment and inoculant technologies that help specialty and row crop growers and turf management professionals maximize their nitrogen and phosphorus investments. Founded in 2012 to acquire and grow plant health product companies, Verdesian is based in Cary, N.C., with production and manufacturing facilities in Visalia, Calif., Pasco, Wash., and Kentland, Ind.
Verdesian Life Sciences is a portfolio company of Paine & Partners, LLC.
TheCropSite News Desk