The Mosaic Co. has acquired Plant Response Inc., Research Triangle Park, N.C., a small ag technology company that develops and commercializes plant and soil health products. Mosaic said Plant Response will remain as a separate company.
Mosaic did not reveal the price, but said the amount was not material. Mosaic said that it has invested some $50 million in the last two years to build the foundation for an exciting future portfolio of value-added products that its customers have been asking for. The company has recently made investments and/or partnerships with Anuvia, AgBiome, BioConsortia, and Sound Agriculture.
In recent years, Plant Response has done some consolidation of its own, merging with Koch Biological Solutions (GM Nov. 22, 2019) and acquiring Pathway Logistics (GM Jan. 17, 2020) and WISErg, Seattle, over the last three years.
Plant Response said its portfolio of products currently touches over 3 million acres and that it has at least 13 product on the market in the areas of biostimulants, nutrient enhancers, and turf and ornamental, with others in the pipeline, according to its website.
In addition to its N.C. office, it has offices in Madrid, Spain, and Ciudad Obregon, Mexico. Manufacturing plants are in Plant City, Fla. (fermentation and formulation), and Redmond, Wash.
In 2018, Plant Response closed the first round of a Series B investment of $6.9 million, which included participation by Yara Germinate, iSelect, Bayer Ventures, Novozymes, and Middleland Capital.