Nutrien To Acquire Actagro For Crop Yield R&D And Products

Quick Take
Nutrien (NTR) has announced a deal to acquire Actagro for $340 million in consideration.
Actagro has developed a line of soil and plant health products that increase crop productivity.
NTR is continuing to acquire smartly as it seeks to grow its business in a consolidating industry.
Target Company
Fresno, California-based Actagro was founded in 1997 to research and commercialize organic acids to improve crop yields through soil and plant health treatments.
Management is headed by CEO Monty Bayer and COO Greg Crawford, each of whom has extensive industry experience.
Below is an overview video of best management practices by Actagro:

Source: digitalattic
The firm’s primary product offerings include:
Enhanced efficiency fertilizers Nutrient management solutions Soil health solutions Plant stimulant solutions Organic solutions Investors have funded at least $30.3 million in financing and include Norwest Equity Partners.
Market & Competition
According to a market research report by Grand View Research, the global micronutrients market ‘is expected to grow over the forecast period [2015 to 2022] on account of increasing demand from agriculture industry since they significantly improve uniformity and quality in crop yield.
The main applications for this expected growth include ‘soil fertilization, foiler, hydroponics and fertigation,’ with soil fertilization being the most important application.
In the U.S.... Read more