Inocucor Acquires Manitoba-based ATP Nutrition
Inocucor Corp., a Denver-based developer and producer of biological crop inputs, announced on April 17 that it has acquired ATP Nutrition, a plant nutrients producer in Oak Bluff, Man. Terms of the acquisition were not disclosed. Inocucur said the acquisition will allow the R&D teams of both companies to collaborate on the development of new products combining biologicals and plant nutrition.
“The combination of biologicals, such as Inocucor’s Synergro® and Synergro Free™, with plant nutrients in ready-to-use combinations is unique in the ag sector,” said Donald R. Marvin, president and CEO of Inocucor. “This strategic partnership is the first major step toward Inocucor’s vision to offer a broad range of products that support farmers across their crop nutrient and biological needs.”
Inocucor said ATP will operated as a wholly-owned subsidiary and continue to supply plant nutrients to canola, soybean, corn, pulse, and cereal growers through its North American distribution network. Inocucor will continue to market ATP’s micronutrient product line through its existing sales force and distributor network. Inocucor will also continue to operate ATP’s 25,000-square-foot EPA-registered R&D formulation and manufacturing facility in Oak Bluff, which also serves as headquarters for its 23 employees.
Inococur employs about 40 people in Montreal and the U.S., and anticipates adding another 25-30 high-level scientific and managerial professionals over the next year. In May, Inocucor will occupy its new 30,000-square-foot U.S. headquarters and commercialization office currently under construction in Centennial, Colo. The company said its Montreal-based, R&D-focused Technical Center of Excellence was recently expanded from 10,000 to 20,000 square feet (GM Jan. 12, p. 25).