Arysta LifeScience Corporation announces that it has acquired an equity position in Plant Impact plc. In addition, the companies have entered into two commercial agreements.
Arysta LifeScience acquires equity in Plant Impact
Arysta LifeScience Corporation announces that it has acquired an equity position in Plant Impact plc. In addition, the companies have entered into two commercial agreements. The first agreement covers the development of Plant Impact’s PiNT® technology in the turf and ornamental markets in the U.S., including the large U.S. professional golf market. The second agreement covers the development of Plant Impact’s InCa® & PiNT technologies for use in horticulture in Brazil, where they will complement the Arysta LifeScience biostimulant and plant nutrient portfolio, offering a wide range of nutritional solutions to growers. Horticulture is a broad and diverse market for Brazil and its economy, supporting the domestic and export sectors.
“We are pleased to be investing in Plant Impact at this crucial stage in its development and see substantial growth opportunities ahead,” said Paula Pinto, Global Head of Marketing, Arysta LifeScience. “We look forward to working with Plant Impact on the evaluation and commercialization of these innovative products in the turf and ornamental markets in the U.S. and the horticultural market in Brazil.”
InCa technology is a calcium delivery system that moves calcium at a cellular level, giving greater calcium penetration where needed. It reduces the risk of calcium disorders by helping to control stress and by building healthier cells. InCa has been shown to increase yields, enhance crop quality and improve shelf life.
PiNT technology is a stabilized nitrogen-uptake system that improves plant growth. PiNT requires lower inputs as it provides more effective absorption of nitrogen. PiNT is used to regulate growth, root development, and is also effective in improving crop establishment.
Arysta LifeScience is well positioned to develop the novel InCa technology and build on the excellent results from USDA trials regarding PiNT technology work in the U.S., focusing on the premium market of professional golf where there is an unmet need for environmentally-sound solutions.
“I am delighted that Arysta LifeScience has chosen to invest in Plant Impact so that we can implement this growth strategy together,” said Peter Blezard, CEO of Plant Impact. “We feel that this shows industry confidence after several years of trials. The proceeds from this partnership will give us the financial strength to continue the growth of our business.”
Arysta LifeScience and Plant Impact have said they will continue to work together to evaluate other opportunities in a number of emerging markets, such as Africa, Asia and Latin America.