Plant Products To Be Purchased By MGS Horticultural And The Haifa Group
MGS Horticultural Inc., a full-service supplier of fertilizers, pest control products, seeds and substrates in North America, together with Haifa Chemicals, a global supplier of potassium nitrate for agriculture and industry, specialty plant nutrients and food phosphates, today announced a plan to purchase Canadian fertilizer and pesticides supplier Plant Products Co. Ltd. The deal is anticipated to close by the end of June 2013.
MGS will acquire Plant Products’ Canadian distribution business, sales force and name. MGS plans to use both names (MGS Horticultural and Plant Products) in all communications going forward.
MGS will maintain locations in Leamington, ON; Brampton, ON; Laval, QC; St. Hyacinthe, QC; and Detroit, Mich. As part of the deal, MGS has signed multi-year agreements with Haifa to maintain exclusive distribution of Plant-Prod Soluble Fertilizers, Acer Controlled Release Fertilizer, Stim-Root and potting soil premix fertilizers for distribution in Saskatchewan, Manitoba and Eastern Canada.
“MGS is excited to have many talented individuals join our team. Plant Products staff will bring years of knowledge and experience to our growing company,” says MGS CEO Chris Stickles. “We look forward to maintaining and enhancing relationships with the customers, suppliers, and strategic dealers of Plant Products.”
Haifa will acquire Plant Products’ high-performance complementary fertilizers including the Plant-Prod and Plantex lines of solubles and the Acer controlled-release fertilizer line. All the acquired business will be merged into Haifa group as a new company operating under the name of Master Plant-Prod Inc. Haifa will also acquire the blending facility in Brampton, ON.
“For Haifa, this acquisition further enhances our wide specialty plant portfolio and expands our offerings of high-end products,” says Natan Feldman, Haifa’s VP, marketing and sales. “It will make us into a bigger and stronger company with extensive technical expertise, global infrastructure and financial resources, and will enable us to further expand our investments, R&D and customer support activities in the specialty plant nutrition industry.”
Feldman added, “The expansion of our production facilities greatly reinforces Haifa’s leading market position and solidifies our North American presence. It puts us at the very top of the global suppliers list. The added capacity from the new plant will not only increase Haifa’s overall production capacity, but will also shorten our distribution cycle in North America and improve the stability of supply, thus enhancing Haifa’s ability to respond to changing market situations.”