Ceradis and GTM sign exclusive distribution agreement on MusaCare

Ceradis and GTM (Grupo Transmerquim) announced the signing of an exclusive distribution agreement on the unique and patented specialty banana fertilizer MusaCare® for Costa Rica, Colombia, Ecuador, Honduras, Guatemala, Dominican Republic, Panama and Nicargua. GTM will market and distribute the MusaCare® product, which has been developed by Ceradis.

"The signing of the exclusive distribution agreement on MusaCare® is the start of a new partnership to bring Ceradis technology to Latin America” said Wim van der Krieken, CEO of Ceradis. “GTM is perfectly positioned to distribute MusaCare® with their offices and operations in 13 countries in Latin America.”

"The agreement with Ceradis will give GTM access to new and unique products to strengthen our agricultural chemical portfolio” said Francisco Mejia, Vice President of GTM. "MusaCare® will allow us to offer the banana markets a key addition in their integrated disease and nutrition management programs and support the banana industry to become more sustainable.”

MusaCare® is a new and innovative specialty fertilizer that provides essential nutrient elements such as Potassium and Phosphor to banana. At the same time MusaCare® stimulates the natural plant defense against a large number diseases. Due to the mineral and organic nature of MusaCare®, the product is safe for user and environment and does not have residue restrictions, pre-harvest or re-entry limitations. MusaCare® is now part of the extensive portfolio of agricultural products for the GTM’s Agro & Feed Business Division. MusaCare® is currently registered in Costa Rica, Guatemala and Colombia (AgroNews 2012-05-10). Ceradis and GTM plans to extend the registration and distribution to Ecuador, Honduras and the rest of banana producing countries in Latin America.