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Verdesian Life Sciences acquires QC Corporation
Oct. 3, 2014
Verdesian Life Sciences announced that it has acquired QC Corporation, a leading producer and supplier of granular and dry micronutrients and ferrous sulfate products. The combined company will continue to be owned by and have the capital backing of Paine & Partners. Financial terms of the transaction were not disclosed.
“We are excited to welcome QC and its micronutrient platform, including its unique Nutripaction compaction granulation technology, to Verdesian,” said J.J. Grow, chief executive officer of Verdesian. “The Gordon family and the rest of QC’s employees share our commitment to researching and developing innovative and proven yield enhancing plant-health products.”
The Gordon family will continue to lead the day-to-day operations of QC and manage QC customer relationships. Jason Gordon will serve as president of QC, a Verdesian Life Sciences Company. The rest of QC’s employees, including QC’s founder Don Gordon, will also continue to remain actively involved in the business.
Jason Gordon, president of QC, said, “QC’s leading micronutrient business and manufacturing capabilities are highly complementary to Verdesian’s plant health and nutrition offerings. This combination enables us to leverage Verdesian’s resources and growth platform to capitalize on new opportunities while continuing to provide QC’s customers with the innovation and service that has been the cornerstone of QC’s success over the last 40 years. JJ and the Verdesian team share our core values, namely the creation of best-in-class products and outstanding customer service.”
“This combination advances Verdesian’s position as a market leader with innovative product solutions along with a deep pipeline of next generation technologies for the specialty and agricultural markets globally,” said J.J. Grow, chief executive officer of Verdesian. “QC is an established market leader in the fast-growing micronutrients category. We expect that the combination will bring QC’s expertise increasingly into Verdesian’s core agricultural markets, while QC’s lawn and garden, and turf and ornamental customers will see new applications for Verdesian’s proprietary products.”
Source: Verdesian Life Sciences
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