Biobest Deals To Acquire Beneficial Insectary Inc.
Biobest Group NV, a global player in biocontrol and pollination, announced that – through its subsidiary Biobest USA, Inc. – it has acquired all shares in California-based Beneficial Insectary Inc. from the company’s owner Sinthya Penn.
The deal would create the largest production platform of beneficial insects in North America.
Penn acquired Beneficial Insectary in 1986 when it was still a small fly parasite producer. The company first built a leading position in fly biocontrol with various applications in animal husbandry. In recent years, it grew exponentially in biological crop protection to become the largest local producer in the U.S.
The commercial strategy and distribution model of Beneficial Insectary and Biobest USA are highly complementary. And according to Jean-Marc Vandoorne, CEO of Biobest Group NV, both companies will keep their identity, operate autonomously, and will continue to supply their respective customer base.
“Focus will be on realizing operational synergies in order to secure reliable supply of locally produced beneficials,” he says. “I am confident about the transition, since both Beneficial Insectary as Biobest have a capable and high-performing team.”
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