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Compass Minerals Forms Collaboration with Marrone Bio Innovations
May. 17, 2019
Compass Minerals
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United States
Pro-Farm Group - Formerly Marrone Bio Innovations United StatesFollow
United StatesCompass Minerals Plant Nutrition, a division of Compass Minerals (NYSE:CMP), a leading developer and manufacturer of specialty plant nutrition solutions, and Marrone Bio Innovations Inc. (NASDAQ:MBII), a leading developer of bio-based products for pest management and plant health, recently announced that the two companies have formed a collaboration to develop new specialty plant nutrient products enhanced with microorganisms.
The new products will be developed with patented technologies aimed at helping crops take up nutrients more efficiently, to increase crop health and reduce crop stress.
From Marrone Bio's collection of 18,000 microorganisms, Compass Minerals Plant Nutrition will leverage its specialty in plant nutrition with a subset of Marrone's novel microbes, to create innovative products to enhance plant health and growth. The result expected is new value-added products aimed at providing growers with improved plant vigor, higher yields and a better return on investment.
Microorganisms are known to control pests and plant diseases, increase plant health, growth, crop yields and reduce drought, salt and other stresses. One way that microorganisms increase plant growth is by making nutrients such as nitrogen, phosphorous, sulfur and minerals or micronutrients more available to the plant.
The availability of these nutrients increases the efficiency of the plant's nutrient uptake. This not only helps farmers' bottom line but can also be more environmentally friendly by reducing the quantity of excess nutrients that are not efficiently taken up by the plant.
"Compass Minerals Plant Nutrition is excited to have access to the rich collection of Marrone Bio's microorganisms that have shown the ability to improve plant health and growth," said Ryan Bartlett, vice president of innovation and product development at Compass Minerals. "This collaboration is an important one as we continue to expand our season-long plant nutrition portfolio and build on our history of innovation and leadership in the category with this unique line of products."
"We have been seeking ways to innovatively leverage our microorganism collection and biologicals development expertise into new and adjacent markets beyond crop protection such as the $155 billion crop nutrition market," said Pam Marrone, CEO of Marrone Bio. "Leveraging our companies' combined technologies' and core competencies; we look forward to working with Compass Minerals Plant Nutrition as a partner in the development of exciting new products that don't exist in the market today."
About Compass Minerals
Compass Minerals is a leading provider of essential minerals that solve nature's challenges, including salt for winter roadway safety and other consumer, industrial and agricultural uses, and specialty plant nutrition minerals that improve the quality and yield of crops. The company produces its minerals at locations throughout the U.S., Canada, Brazil and the U.K., operating 21 production facilities and employing more than 3,000 personnel worldwide. Compass Minerals' mission is to be the best essential minerals company by safely delivering where and when it matters.
About Marrone Bio Innovations
Marrone Bio Innovations Inc. leads the movement to more a sustainable world through the discovery, development and sale of innovative biological products for crop protection, plant health and waterway systems treatment that support a better tomorrow for farmers, turf managers and consumers around the globe. MBI has screened over 18,000 microorganisms and 350 plant extracts, leveraging its in-depth knowledge of plant and soil microbiomes enhanced by advanced molecular technologies to rapidly develop seven effective and environmentally responsible pest management products to help customers operate more sustainably while uniquely improving plant health and increasing crop yields. Supported by a robust portfolio of over 400 issued and pending patents around its superior natural product chemistry, MBI's currently available commercial products are Regalia®, Stargus®, Grandevo®, Venerate®, Majestene®, Haven® and Amplitude®, Zelto® and Zequanox®.
Source: joint company news release
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