Biobest’s Acquisition of BioWorks Is a Done Deal; Here’s What It Means
July 14, 2023 Biobest, a global leader in biological control and pollination, has completed its acquisition of BioWorks, Inc. a Victor, NY-based manufacturer and marketer of biopesticides. The transaction implements the letter of intent signed on May 4, 2023.
The BioWorks acquisition accelerates Biobest Group’s expansion into biopesticides. BioWorks’ innovative portfolio of biopesticides for disease and insect control as well as its product development, marketing, and logistics expertise are key assets to realize this ambition. With a continued focus on the horticulture and specialty agriculture markets, and now as a member of Biobest Group, BioWorks will continue to expand its range of biopesticide solutions for growers. Biobest Group further steps up its contribution to reduce the reliance of growers on synthetic pesticides.
“Biopesticide solutions are a global strategic priority for us, and BioWorks has a strong range of products that growers demand,” says Jean-Marc Vandoorne, Biobest’s CEO. “BioWorks will continue to actively service the highly effective distribution channels it has developed over the past 30 years while adding new and unique biopesticides that will expand the range of biocontrol solutions available to growers. BioWorks will continue to operate independently of Biobest’s beneficial insect and pollination business and Biobest’s North American subsidiaries.”
BioWorks’ headquarters will serve as the North American manufacturing and marketing hub for biopesticides for the entire organization. The Victor, NY, facility features more than 55,000 square feet and combines office, manufacturing, research and development, and warehouse space serving all of North America. BioWorks also has warehouse and shipping space in Las Vegas, NV, that enhances supply capabilities to growers and distributors in western regions of the U.S.
“I am pleased that Bill Foster will continue to lead the organization as CEO and that the senior management team remains fully dedicated,” Vandoorne says. “We value continuity, and this will be no different with BioWorks.”
“With our growers in mind, this greatly increases our ability to provide more innovative biopesticide solutions across a broad range of geographies,” says Bill Foster, CEO of BioWorks. “We will continue to innovate through research and development while working with our channel partners on strategies that will speed-up our ability to get products to market. We are excited to be part of a global leader in biological control and are confident that we will make a great contribution to deliver on Biobest’s aim to be the preferred partner for biological control of growers across the globe.”
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