Verdesian Life Sciences Acquires SFP
CARY, N.C. – Verdesian Life Sciences announced it has acquired Specialty Fertilizer Products (SFP), a Leawood, Kan.-based company focused on fertilizer efficiency products. The acquisition will bring Verdesian more than 270 patent properties.
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.
According to Verdesian’s CEO J.J. Grow, there will be no immediate staffing changes except in the reporting structure at the senior management level. For example, SFP founder J. Larry 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 U.S. 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.
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.