AgraQuest and Premier Tech Sign Supply Agreement

AgraQuest, Inc. and Premier Tech Home & Garden announced that they have agreed to terms for a supply agreement that will have AgraQuest produce and package fungicide products for the Green Earth line from Premier Tech Home & Garden for the Canadian retail market. Under the terms of the agreement, AgraQuest technology based on its patented strain of Bacillus subtilis QST 713 will be used in Green Earth biofungicide products for the home and garden marketplace.  Financial terms of the agreement were not disclosed.

Naturally derived, Bacillus subtilis QST 713 is the same active ingredient that powers AgraQuest’s fungicide SERENADE®, used by commercial farmers and growers for nearly a decade to treat fruits, vegetables and canola for common bacterial and fungal diseases.

"The technology and expertise of AgraQuest are a great fit for our Green Earth line,” said Paul Lefebvre, Director, New Business Development for Premier Tech.  The initial product using AgraQuest technology will be 24-ounce ready-to-use bottles with national distribution in Canada for the 2012 season.

"We are very excited about our collaboration with Premier Tech; we believe that this is an ideal avenue to expand our footprint in the home and garden marketplace in Canada,” said Mike Miille, President and COO for AgraQuest and head of AgraQuest’s BioInnovations Division. “Collaborating with Premier Tech allows us to more effectively serve mass merchandisers that had previously been outside our distribution focus of independent garden centers and nurseries.”