Valent BioSciences Corporation Acquires Pace International LLC For $65 Million

Valent BioSciences Corporation (VBC), a company focused on biorational product development for agriculture, public health, and forestry worldwide, announced it has signed a definitive agreement to acquire Pace International LLC (Pace), a global leader in the postharvest segment of commercial agriculture with operations in the U.S., Mexico and South America. Previously VBC owned 25 percent of the company.

The acquisition adds another strategic platform to VBC’s rapidly expanding global biorational business. Headquartered in Seattle, Wash., Pace specializes in the development and commercialization of coatings, sanitizers and postharvest disease management products for use in many crops including citrus, stone fruit, pome fruit, potatoes and others. Postharvest products improve fruit quality and maintain nutritional value while allowing for longer storage. This provides global reach to many types of high-value crops. Postharvest losses can range up to 40 to 50 percent of all produce grown, depending on the crop and country.

“The Pace assets bring VBC the unique opportunity to leverage our extensive product portfolio and pipeline further downstream into new and exciting areas that will redefine the postharvest business segment,” says VBC President and CEO Michael Donaldson. “Along with our $150 million investment in a new biorational product manufacturing facility in Osage, Iowa, VBC’s acquisition of Pace will help us to meet the growing demand for high quality produce and further expands our global footprint as the undisputed leader in this sector.”

What Are Biorationals?

Biorationals are products typically derived from biological origins that are highly specific in their activity while providing economic, health, and/or environmental benefits. Biorational products include microbial insecticides, fungicides, and nematicides, as well as plant growth regulators used in production agriculture and for managing plant growth, quality and stress in crops.

Donaldson, also an executive officer with VBC’s parent Sumitomo Chemical Company, (SCC), says the acquisition supports SCC’s strategic vision to diversify its participation in the total food production value chain using both novel and conventional technologies while leveraging Sumitomo’s global market access.

“Over the course of the last decade, SCC has been investing heavily in technologies that will position it as a fully integrated supplier of agricultural products,” said Donaldson. “With this acquisition, SCC becomes the only multinational supplier with both conventional and biorational product solutions extending from pre-planting seed protection and physiological seed enhancement to preharvest crop production/protection and postharvest applications benefiting the entire value chain.”

Pace employs over 100 people worldwide. Roberto Carpentier, vice president of sales and marketing for the last 8 years, will become the new executive vice president and chief operating officer of Pace, reporting directly to Michael Donaldson. The acquisition is expected to close before the end of the year.

 

 

Leave a Reply

More From Crop Inputs...
Triathlon BA container shot

May 24, 2016

OHP’s Triathlon Biofungicide Now Listed By The Organic Materials Review Institute

Triathlon BA is a broad-spectrum preventative biofungicide that provides control of many foliar and soilborne diseases in ornamentals and herbs.

Read More
Two-spotted spider mites, adults and eggs

May 11, 2016

SePRO Launches Summer Insecticide Management Program For Ornamental Growers

The program is designed to help growers use SePRO’s insect management tools to prevent plant damage from a variety of pests.

Read More
Small Aphid Colony on Calibrachoa

May 2, 2016

How To Stop Aphids In The Greenhouse

When untreated, aphids damage ornamental crops and act as vectors for disease. Integrated Pest Management combined with vigilant scouting can help you stay ahead of the problem.

Read More
Latest Stories
Triathlon BA container shot

May 24, 2016

OHP’s Triathlon Biofungicide Now Listed By The Organic …

Triathlon BA is a broad-spectrum preventative biofungicide that provides control of many foliar and soilborne diseases in ornamentals and herbs.

Read More
Two-spotted spider mites, adults and eggs

May 11, 2016

SePRO Launches Summer Insecticide Management Program Fo…

The program is designed to help growers use SePRO’s insect management tools to prevent plant damage from a variety of pests.

Read More
Small Aphid Colony on Calibrachoa

May 2, 2016

How To Stop Aphids In The Greenhouse

When untreated, aphids damage ornamental crops and act as vectors for disease. Integrated Pest Management combined with vigilant scouting can help you stay ahead of the problem.

Read More
Cicada (Greg Hoover, Penn State)

April 26, 2016

Cicadas Set To Emerge In Several Eastern States This Sp…

While there’s no immediate cause for alarm, experts say the cicada’s egg-laying process can damage woody ornamentals and make them vulnerable to diseases.

Read More
Parisitic Wasp Aphidius colemani

April 25, 2016

Plant Growth Regulator Use Can Affect Biological Pest C…

The use of plant growth regulators may negatively influence the outcome of biological control programs, according to researchers at North Carolina State University.

Read More
Beneficial Insectary Orius insidiosus

April 22, 2016

Beneficial Insectary Increasing Production Of Three Bio…

The company is now producing Orius insidiosus, Dalotia coriaria, and Dicyphus hesperus at its California facility, reducing the transit time of perishable biocontrols between producer and grower.

Read More

April 21, 2016

Michigan State University Offers Tips On Greenhouse Soi…

Improper pH and higher than adequate nutrient levels are among the many reasons for regular soil testing.

Read More
Parasitized aphid mummies, ladybird beetle larvae

April 18, 2016

4 Things You Need To Know About Implementing Biological…

Biocontrols are useful alternatives to traditional pesticides that provide effective pest control in the greenhouse. Here are four ways to get started successfully.

Read More
John Wendorf Bayer Ornamentals

April 14, 2016

Bayer’s New Ornamentals Business Manager Aims To Help G…

John Wendorf, who previously managed BFG Supply’s grower division, says when Bayer launches into the ornamentals market this November, growers will have access to a wealth of resources, including a dedicated team focused on ornamentals growers.

Read More
Emerald Ash Borer

March 22, 2016

Canada Implements New Voluntary Biosecurity Standard Fo…

The voluntary standard is designed to protect the greenhouse, nursery, and floriculture industries from invasive plant pests.

Read More

March 22, 2016

EPA Approves Syngenta’s Mainspring GNL Insecticide For …

Featuring the active ingredient cyantraniliprole, Mainspring GNL provides broad-spectrum control of key pests, such as thrips, whiteflies, aphids, caterpillars, leafminers, and leaf-feeding beetles.

Read More
Black Root Rot on Vinca

March 15, 2016

How To Identify Different Root Rots In The Greenhouse

Root rots can cause similar symptoms on hosts. Here are some tips for scouting in your greenhouse.

Read More
One symptom of Botrytis blight is gray, fuzzy sporulation on foliage and flowers, similar to that shown on the flower of this hibiscus

March 11, 2016

Manage Botrytis With These Cultural And Fungicide Contr…

High relative humidity and low temperatures in the greenhouse open the way for Botrytis to develop on plants. A mix of cultural and fungicide control options will help you manage this common disease effectively.

Read More
Biocontrols and beneficials absolutely can be used in outdoor production, with the use of banker plant systems

March 8, 2016

France-Based InVivo Acquiring Bioline, Syngenta’s Bioco…

Bioline, a subsidiary of Syngenta, specializes in the production and marketing of biological control agents, and in particular macroorganisms active against insect pests in fruits, vegetables, and flowers.

Read More

March 5, 2016

Prevent The Spread Of Disease In Irrigation Water

Water-mold pathogens cause significant crop losses and reduce floriculture crop quality. Take measures in your greenhouse to prevent the spread of diseases like Phytophthora and Pythium.

Read More
Bayer Greenhouse Ribbon Cutting

March 1, 2016

Bayer Opens New Greenhouse Research Facility In West Sa…

The $12 million facility will feature two new high-tech greenhouses that will be used in the development of new solutions in vegetable seeds and biologicals.

Read More

February 20, 2016

Hydrogel Technology Means Growers And Their Customers C…

Water and nutrient management are critical elements for quality plant production in the greenhouse. Maintaining the right amounts of available moisture and fertilizer at all times can be pretty labor intensive, but there are tools available to help you keep these inputs at optimum levels as efficiently as possible. Recently, we visited Evonik Industries’ North Carolina production plant for to see how one of these products — Stockosorb — is made, how it works, and learn the benefits of incorporating these tools in your own operation. Learn more about Evonik Industries’ Stockosorb hydrogel product on the Stockosorb website.  

Read More

February 17, 2016

Why It’s Important To Stay One Step Ahead Of Thri…

Keep thrips populations in check and avoid pesticide resistance by using spray and drench products known for their effectiveness.

Read More
[gravityform id="35" title="false" description="false"]