Milwaukee, Wisconsin
March 28, 2006
In accordance with its commitment
to plant health research and development,
Nitragin, Inc., the
technological and market share leader in the crop bioscience
industry, announces the acquisition of Cambridge, Ontario-based
Agribiotics Inc. through its Canadian affiliate Nitragin Holding
Inc.
The March 24, 2006 acquisition
marks the fusion of these forward-thinking, researchbased
companies. Agribiotics has an impressive portfolio of
yield-enhancing technologies that align closely with Nitragin’s
offerings.
“Nitragin has taken the lead role
in the movement toward the recognition, research and development
of plant health-focused technology,” says Tom Winkofske,
President of Nitragin. “Our focus on plant health, as a
determinant of value, recognizes the importance of optimal early
plant health right out of the ground to the final return the
growers see on their investment.”
As a result of its leadership in
plant health technology, Nitragin has produced a number of
innovative products, most notably the patented LCO Promoter
Technology™, marketed under the Optimize® brand. LCO Promoter
Technology is a natural, biological molecule that brings
early-season health benefits to a number of legume crops. This
acquisition allows Nitragin to extend the use of plant health
products such as LCO Promoter Technology to non-legume crops.
Because this new technology is genuinely green, utilizing a
natural, biological molecule, this new line of products will fit
nearly any production practice.
“Nitragin currently offers LCO
Promoter Technology and other crop-enhancing products that
soybean, peanut, alfalfa and pea/lentil growers have found
extremely effective,” says Winkofske. “The acquisition of
Agribiotics allows Nitragin to make this exceedingly successful
technology available to corn, wheat, cotton and other growers.
We are excited to share with these growers how LCO Promoter
Technology products can substantially increase their yields.”
“Nitragin has a proven track
record of successfully commercializing this revolutionary LCO
Promoter Technology, making it profitable for everyone from
growers to the distribution channel,” says Dr. Scott Fleetwood,
Vice President of Sales and Marketing, Nitragin, Inc. “The
acquisition of Agribiotics gives Nitragin the opportunity to
utilize this technology in non-legume crops. Dealers, growers
and others involved in producing these crops will soon enjoy the
benefits that have only been available in legumes.” The
acquisition of Agribiotics reflects Nitragin’s continued
leadership and commitment to make technologies from around the
world available to growers who are operating in a global market.
Nitragin strives to produce products that add economic,
environmental and production value for growers and distributors
alike.
The Nitragin Company was
founded in 1898 after a Milwaukee entrepreneur purchased rights
to a commercial process for the production of nitrogen-fixing
rhizobia. The business remained privately owned until 1982. In
1991 Merck KGaA, Darmstadt, Germany purchased the business. Now
headquartered in Milwaukee, Wisconsin, Nitragin, Inc. is
committed to advancing yield-enhancing technologies and making
these products available to growers.
Merck KGaA, Darmstadt, Germany is a global pharmaceutical and
chemical company with sales of EUR 5.9 billion in 2005, a
history that began in 1668, and a future shaped by 29,133
employees in 54 countries. The former U.S. subsidiary, Merck &
Co., has been completely independent of the Merck Group since
1917. |