Sep. 11, 2012
Visalia-based plant nutrient company Biagro Western Sales was acquired by equity investment firm Paine & Partners under its new platform focusing on plant health and nutrition.
Founded in 1993 by two agriculturalists, Biagro Western Sales is the first investment of Verdesian Life Sciences, established recently by Paine & Partners of San Francisco to get an edge in the plant health and nutrition market.
Financial terms of the transaction were not disclosed.
Located at 35801 Road 132 in Visalia, Biagro Western Sales manufactures phosphite plant nutrition products like its patented Nutri-Phite, Nutri-Grow and Take Off ST.
The products have been shown to increase the integrity of plant cell walls, stimulate key pathways in the plant and increase the absorption of nutrients through the plant leaves.
Besides Visalia, the company also has a facility in Oxnard, Calif.
Biagro Western has invested in and supported work by researchers through agricultural research centers like University of Florida, University of California, Texas A&M University and Michigan State University.