Lebanon (Pa.) Seaboard Corp. has acquired the turf and landscape business from Novozymes, a global leader in biotechnology solutions across a wide range of industries. Novozymes’ turf and landscape business includes the Roots Turf brand of organic-based granular fertilizers, along with other unique nutritional complements.
The acquisition of Novozymes’ turf and landscape business, including the Roots products and technologies, complement Lebanon’s December 2008 acquisition of the Emerald Isle line of foliar and granular fertilizer products.
“We now can offer customers access to a complete offering of nutrition and physiological fitness products—from fundamental N-P-K offerings to highly advanced biotechnology-based products,” said Dave Heegard, vice president and general manager of LebanonTurf.
Novozymes said the divestment was part of a focused growth strategy for its microorganisms business. “We want to ensure the continued growth and profitability of our bio-agriculture business based on the development of our core technologies,” said Thomas Videbæk, executive vice president of Novozymes’ BioBusiness.
Terms of the agreement between privately held Lebanon Seaboard, whose LebanonTurf division focuses on the professional turf industry; and Novozymes, a publicly traded Danish firm, were not disclosed.
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