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Agrium expands its ag biotechnology capabilities


August 27, 2014
By Loveland Products

Aug. 27, 2014 Loveland, CO — 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 has
acquired a controlling interest in Agricen, a Dallas-area agricultural
biotechnology company delivering biochemical-based products for
efficient and sustainable plant nutrition.

Aug. 27, 2014 Loveland, CO — 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 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.

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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.”

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.


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