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...

February 12, 2016

Managing Air Temperatures For Basil Growth And Development

Iowa State University researchers determine if increases in air temperatures can increase growth and shorten production times for basil.

Read More

February 12, 2016

AmericanHort Applauds USDA Announcement Of Almost $60 Million In Funding To Protect Ornamental Plants From Pests And Diseases

The funding from the 2014 Farm Bill will be used to cover projects such as plant certification, clean stock for high-value crops, and invasive insects and diseases.

Read More
Suzanne Wainwright-Evans

February 8, 2016

Register Now For Biocontrols USA 2016 Workshop

Biocontrol is becoming a mainstream part of growing plants commercially. Every good program starts with quality products and a good supply chain. Register now to join us from 1:00-4:00 p.m. on March 4, following the conclusion of the education program at the Biocontrols USA 2016 Conference & Expo in Monterey, CA for a special event that will help you improve your biocontrols program. In this informative, real-world workshop led by biocontrols expert Suzanne Wainwright-Evans, owner of Buglady Consulting, you’ll learn: The key players that are producing beneficials How to check product quality once you get them The latest trends and practices growers are using to implement beneficials into their programs Important pitfalls to avoid. A roundup of the current biocontrol research that can help you be more successful in your production practices this season. Wainwright-Evans, a pest management specialist, has been involved in the green industry for more than two […]

Read More
Latest Stories

February 12, 2016

Managing Air Temperatures For Basil Growth And Develop…

Iowa State University researchers determine if increases in air temperatures can increase growth and shorten production times for basil.

Read More

February 12, 2016

AmericanHort Applauds USDA Announcement Of Almost $60 M…

The funding from the 2014 Farm Bill will be used to cover projects such as plant certification, clean stock for high-value crops, and invasive insects and diseases.

Read More
Suzanne Wainwright-Evans

February 8, 2016

Register Now For Biocontrols USA 2016 Workshop

Biocontrol is becoming a mainstream part of growing plants commercially. Every good program starts with quality products and a good supply chain. Register now to join us from 1:00-4:00 p.m. on March 4, following the conclusion of the education program at the Biocontrols USA 2016 Conference & Expo in Monterey, CA for a special event that will help you improve your biocontrols program. In this informative, real-world workshop led by biocontrols expert Suzanne Wainwright-Evans, owner of Buglady Consulting, you’ll learn: The key players that are producing beneficials How to check product quality once you get them The latest trends and practices growers are using to implement beneficials into their programs Important pitfalls to avoid. A roundup of the current biocontrol research that can help you be more successful in your production practices this season. Wainwright-Evans, a pest management specialist, has been involved in the green industry for more than two […]

Read More
Travis Higginbotham

February 8, 2016

Biocontrols And Next-Generation Production

Biocontrols are becoming much more established in greenhouse production. In some cases, it’s the next generation of growers that’s helping to support the adoption of this next generation of pest control. Travis Higginbotham, R&D Manager for Battlefield Farms, in Rapidan, VA, is a great example. Brought on in 2014, he is helping Battlefield take the next step in product development, as well as become more efficient as a business and adapt to new technologies and demands from their customers with a more proactive approach. Higginbotham will share information on Battlefield’s nematode program at the Biocontrols USA 2016 Conference and Expo, March 3-4, 2016 in Monterey, CA. We asked him about the details involved with building a new biocontrols program, as well as the future of sustainability in greenhouse production. Q: What are the differences in costs involved in using biocontrols? What costs should growers consider, aside from the hard costs […]

Read More
Jim Zablocki, Plant Prod

February 5, 2016

Sign Up For A Webinar On Using Plant Nutrition To Impro…

The webinar takes place March 2, and covers how leading growers are using plant nutrition to minimize costs, reduce the number of factors they need to worry about, and lessen environmental impacts.

Read More
Biocontrols Conference and Expo 2016

February 4, 2016

Biocontrols 2016 Conference Offers Insights And Learnin…

The Biocontrols 2016 Conference & Expo, which takes place March 3-4, 2016, in Monterey, CA, brings together growers, pest control advisers, suppliers, researchers, and other segments of the industry to share the latest information on biochemicals, microbial pesticides, and beneficials, and help you put biocontrols to work in your operation.

Read More
Fertilizer Rates Feature Image

January 29, 2016

Bioworks Releases New Higher Nitrogen Fertilizer For Or…

Verdanta N-Vita 9-4-3 promotes foliar growth and features a slow release process, making nutrients available for a longer period of time.

Read More
Primula acaulis, Botrytis, Disease, Griffin Greenhouse Supplies

January 19, 2016

EPA Approves Syngenta’s Mural Fungicide For Use On Seve…

Mural contains two active ingredients and is designed to provide broad-spectrum control of a wide range of root and foliar diseases.

Read More

January 12, 2016

EPA Releases Preliminary Risk Assessment For Imidaclopr…

The assessment, which will soon be open for public comment, indicates that imidacloprid potentially poses risk to hives when the pesticide comes in contact with certain crops that attract pollinators.

Read More
Sustane Research Greenhouse 2015

January 7, 2016

Fertilizer Manufacturers Aim To Deliver Sustainable Sol…

Industry experts discuss the latest trends to help ensure 2016 is your best year yet.

Read More
Vestaron

December 30, 2015

Vestaron’s Spear Bioinsecticide No Longer Carries Bee T…

Following a review that shows it has no detrimental effect on honeybees, EPA has removed the bee toxicity warning statement from Spear.

Read More
How To Overcome Downy Mildew Spread On Impatiens

December 16, 2015

Syngenta Launches Two New Fungicides For The Ornamental…

Solatenol and oxathiapiprolin, each with unique active ingredients, should be available to growers in early 2016.

Read More
Biocontrols Conference and Expo 2016

December 15, 2015

Mark Your Calendars For The Second Annual Biocontrols U…

Produced by Meister Media Worldwide in cooperation with the Biopesticide Industry Alliance, the event brings together growers, pest control advisors, researchers, biocontrols suppliers, and everyone who plays a role in this crucial element of integrated pest management programs.

Read More
Gerbera Yellow Sticky Card

December 10, 2015

Michigan State Offers Free Download Of Bulletin Coverin…

The new fact sheet provides photos and lists commercially available beneficial insects, their target insects, and key facts about biocontrol agents.

Read More
Landmark Open-Bottom Tray

December 8, 2015

Landmark Plastic Addresses Retailer Capillary Mat Requi…

With the availability of water being the number one global risk based on its overall impact to society, it’s no surprise that big name retailers like Walmart, The Home Depot and Lowe’s have taken aggressive steps to reduce their water consumption at store level. More specifically, for the Spring 2016 selling season, Walmart has mandated that its horticultural partners be capillary mat compliant. This means that plants typically watered top-down will now be required to be watered through a sophisticated watering mat that helps saturate the plants from the bottom up. To help growers embrace this new requirement, Landmark Plastic has developed a new trade gallon tray with an open bottom that enables plants to be watered from the roots up. This not only helps utilize water more efficiently, but also helps retailers reduce labor costs associated with the task of watering. “We’ve made it our business to solve problems […]

Read More
Arthij van der Veer Feature image

December 7, 2015

Sustainability Is Key To Your Operation’s Future

During Greenhouse Grower's 2015 Top 100 Growers Breakfast at Cultivate'15, Arthij ven der Veer of MPS (More Profitable Sustainability) discussed crop protection trends in Europe, Latin America, and around the world, and what to expect on the horizon.

Read More
Bee Vectoring Technology Bumblebee

December 1, 2015

New Crop Protection Solution Uses Bees To Deliver Bioco…

The new system from Bee Vectoring Technology incorporated a powdered crop protection material into the lid of commercial bumblebee hives. Bees pick up the product when they leave the hive and deposit it on every plant they visit.

Read More
Stockosorb Crystals_with water Agriculture leaf (Evonick)

November 21, 2015

9 Sustainable Growing Media Products For Superior Green…

Manufacturers are delivering new growing media products to help growers attempt to minimize their footprint without sacrificing quality. Here are nine new products to consider for your greenhouse operation.

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