Interoceanic Corp., White Plains, N.Y., announced on June 27 that its affiliate company Rapid Plant Nutrients LLC has acquired the assets, brands, and trademarks of Bonus Crop Fertilizer (BCF), headquartered in Greenville, Texas.
Established in 1982, BCF is a producer of fertilizers for the consumer retail industry and the professional lawn and landscape, golf, sports field, and nursery/greenhouse markets. The company operates mixing, screening, formulating, and bagging operations in north Texas that serve customers in the Southeast and Southwest US.
“Our goal is to continue to bring our family values and our supply chain efficiencies to the professional and consumer fertilizer industry, said IOC President Elio Mazzella. “Choosing Bonus Crop as a strategic partner was the next big step to strengthening our geographical footprint. We can now continue to increase our service capabilities to both our professional distributors and our consumer retail partners.”
The acquisition follows IOC’s purchase in 2022 of Spring Valley USA (GM Nov. 23, 2022), a producer of fertilizers for the turf and ornamental market headquartered in Jackson, Wisc. In addition to BCF, Spring Valley, and Rapid Plant Nutrients, the IOC family of companies now includes Chimico Rail, Chimico Logistics, EM2 Enterprises LLC, and PCI Nitrogen, one of the largest global producers of bulk synthetic grade granular ammonium sulfate at Pasadena, Texas.
“Finding a partner who will continue to carry on the legacy of our business that we spent the last 40-plus years nurturing and building was important to me, my family, and to the associates at Bonus Crop,” said Steve Barton, President and owner of BCF. “Having watched the success IOC has brought to the market with the Spring Valley acquisition just 18 months ago, and its supply chain efficiencies, aligning with two powerful brands in the market just made perfect sense for me and my family.”
“BCF will be a solid addition to IOC’s family of companies,” Mazzella added. “Our ability to bring market knowledge to our BCF and Spring Valley acquisitions, along with our capability to move raw materials efficiently and cost effectively throughout the country, will continue to provide exceptional value to our end-user partners across all channels. BCF’s geographical footprint continues to complement our model of supply chain efficiencies.”