Custom Agronomics acquires BioTek Ag, expands focus on sustainable nutrient use efficiency products

Date:04-18-2024

Custom Agronomics, a custom formulator and manufacturer of private-label liquid plant nutrition, nutrient use efficiency, and other specialty products for the agriculture, turf, and ornamental markets, announced that it has acquired BioTek Ag to expand its focus on nutrient use efficiency products.

BioTek Ag is a North Carolina-based agricultural company with more than three decades of experience helping farmers improve and protect crop yields. It manufactures and provides specialized nutrients, nitrogen stabilizers, and other specialty products that improve soil biology and enhance the effectiveness of crop inputs.

″BioTek Ag is a trusted provider of private label solutions that help farmers become more sustainable and profitable. This acquisition immediately enhances our portfolio of nutrient use efficiency products, expands our footprint, and strengthens our overall team,″ said Greg Thompson, chairman of the Custom Agronomics Board of Directors and a senior operating partner at Inverness Graham, a private investment firm that acquires innovative companies where technology is transforming traditional industry. Inverness Graham’s investment in Custom Agronomics is part of its Green Light initiative that invests in businesses where environmental sustainability is a key driver of growth.

BioTek Ag will become part of Custom Agronomics.

″Custom Agronomics is an ideal partner for BioTek’s next chapter of growth,″ said BioTek Ag founders Jim Wendling and Kim Tart. ″We share a commitment to delivering exceptional products and service through private label offerings and believe there is a strong cultural fit between the two organizations. The capabilities of the combined platform will allow us to better serve customers who are focused on increasing production and maximizing their return on investment.″

Financial terms of the deal are confidential.