Midwestern BioAg Inc., Proteus Environmental Technologies and Grower’s Secret Inc. (GSI) announce the completion of a strategic acquisition and investment in the future of Midwestern BioAg Inc. A leader in biological agriculture with a 30-year history, Midwestern BioAg has developed a base of more than 3,500 farmer-customers throughout the Midwest, providing a comprehensive mix of products and services that allow farmers to gain the full range of benefits of biological farming.
Gary Zimmer, founder of Midwestern BioAg, along with Tony Michaels, co-managing director of Proteus, have developed a strategic plan to expand the reach of Midwestern BioAg, increase the capacity of the company to meet the needs of its customers and extend the diversity and cost-effectiveness of Midwestern BioAg’s products and services. To accomplish these goals, an investment group led by Proteus and GSI has acquired a controlling interest in Midwestern BioAg with a plan for infusing $20 million in growth capital into the business to execute on the first stages of this national and global expansion.
Zimmer will continue his role as President and member of the board, while Michaels takes on the role of CEO of Midwestern BioAg. Both Proteus and GSI will be strategic partners in helping grow the company, bringing their corporate relationships, expertise in technology development, product development capacity and business development experience to the future of Midwestern BioAg.
Midwestern BioAg has current sales of $35 million, both direct and through a network of independent dealers. With the infusion of capital and additional talent, the company plans to increase its reach tenfold or more through expanded sales efforts, mergers and acquisitions and strategic partnerships.
“The company’s approach raises yields, lowers unit costs, improves nutritional quality and reduces environmental impacts, making farming more profitable and sustainable at the same time,” says Michaels. “Midwestern BioAg has been a leader in creating a path to more sustainable agriculture. With this expanded team and new resources, it is our intent to extend that leadership to reach more farms, more crops and more sectors of society.”