Biobest, Plant Products Partner on Plant Protection Solutions
Plant Products Inc., a distributor in plant protection, plant nutrition, seeds, and other innovative growing aids in the North American specialty horticulture and turf markets, and Biobest Group NV, a global player in biological control and pollination, have signed a partnering agreement that builds on a long-standing collaboration in biocontrol and pollination that began in 1995.
Upon closing of the transaction, Biobest and the Stickles family will become joint owners of Plant Products, with Biobest holding a majority stake. Subsequently the activities of Plant Products Inc., Biobest Canada Inc., and Biobest USA Ltd. will be integrated in a new combined entity operating under the name Plant Products.
Plant Products will continue to focus on the needs of growers and will assist customers in choosing the best solutions from an integrated suite of products and services to efficiently manage their crops. Its unique position in the market is also based on a wide range of strong relationships with suppliers.
Chris Stickles, current President of Plant Products, will become the President of the new entity and JF Bonal, current General manager of Biobest Canada/U.S., will become the Vice President.
“I am thrilled that we have this opportunity to invest in a company with which we have successfully collaborated for over 25 years,” Jean-Marc Vandoorne-Feys, CEO of Biobest Group NV. “Plant Products has a very strong network of grower and supplier relationships in North America. Direct presence is essential to realize our mission of being the grower’s most reliable partner in this important market where specialty horticulture is growing very quickly.
“We are excited to join forces with the Biobest team. Biobest strengthens our global perspective of the horticulture industry, and that will benefit our customers,” Chris Stickles, President of Plant Products Inc. “Plant Products’ track record of growth demonstrates that we deliver consistent value to our customers and that our suppliers appreciate the unique strengths of our market approach. Together, we will further expand our global network of supplier partnerships, including biopesticides and tools for crop monitoring.”