Verdesian Life Sciences, LLC, a Paine & Partners, LLC company, announced Wednesday that it has acquired Northwest Agricultural Products (NAP), a world-class provider of specialty agricultural products.
Financial terms of the transaction were not disclosed.
NAP specializes in eco-friendly products designed to meet the diverse needs of the agricultural
community through advanced chemical and biological innovation, with a focus on enhanced plant health, optimized crop yields and overall quality. The company's strong portfolio of products is highlighted by Sterics, which enhance the absorption of phosphorous, and PolyAmines, which deliver essential micronutrients.
It also produces biostimulants and biopesticides, with its Intracept and Bloomtime FD product lines. NAP's technical strengths include plant pathology and physiology, advanced fermentation, bioprocess development and chemical, biochemical and environmental engineering. As a subsidiary of Verdesian, NAP will continue to operate independently out of Pasco, Wash., through the 2013 season.
JJ Grow, chief executive officer of Verdesian Life Sciences, said, "We are excited about our transaction with NAP, which is an important next step in Verdesian's growth strategy. The acquisition of NAP underscores Verdesian's strategic focus on plant technologies that enhance the uptake of key nutrients using multiple modes of action as well as aligning plant health nutritional technologies with agronomic practices.
"NAP's differentiated products - its bioscience lines, in particular - are highly complementary to Biagro Western's, which Verdesian acquired in 2012. NAP has built a strong position in its markets, and Verdesian will leverage its international platform to expand NAP's customer base to take it to a new level of growth. We look forward to working with NAP's employees and we welcome them to the Verdesian family."
Verdesian focuses on investments in plant health and nutrition and was established in September 2012 by Paine & Partners, a global private equity investment firm that specializes in the food and agribusiness industry globally.
Further information about Verdesian is available at VLSci.com.