MGS, Haifa to buy Plant Products

Leamington, Ont.; Haifa, Israel; Brampton, Ont. — MGS Horticultural Inc., Leamington, Ont., together with Haifa Chemicals, Haifa, Israel, have announced they plan to purchase Plant Products Co. Ltd., Brampton, Ont. Plant Products is Canada’s largest supplier of fertilizer and pesticides in the specialty horticulture market. The deal is anticipated to close in 60 days. 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, Ont.; Brampton, Ont.; Laval, Que.; St. Hyacinthe, Que.; and Detroit, Mich. As part of the deal, MGS has signed multi-year agreements with Haifa to maintain exclusive distribution of Plant-ProdÒ Soluble Fertilizers, AcerÒ Controlled Release Fertilizer, Stim-RootÒ, and potting soil premix fertilizers for distribution in Saskatchewan, Manitoba, and Eastern Canada. Haifa will acquire Plant Products’ high-performance complementary fertilizers, including the Plant-ProdÒ and PlantexÒ lines of solubles and the AcerÒ 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. Plant Products has locations in Brampton, Laval, and Saint-Hyacinthe. They have been developing and manufacturing fertilizers, sold under the Plant-Prod brand globally, since 1945. They are also a distributor of fertilizer, pest control products, seeds, and substrates servicing the greenhouse, nursery, specialty agriculture, and turf industries in Canada. MGS, a family-run business founded in 1941, has locations in Leamington, and Detroit. It is a full-service distributor of fertilizer, pest control products, seeds, and substrates servicing the greenhouse, nursery, specialty agriculture, and turf industries in Canada and the U.S. Haifa, founded in 1966, is a multinational corporation and a global leading supplier of potassium nitrate for agriculture and industry, specialty plant nutrients, and food phosphates.