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Business

Agrium Boosts Stake In Biotech Firm

by Marc S. Reisch
September 1, 2014 | A version of this story appeared in Volume 92, Issue 35
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Fertilizer maker Agrium has acquired a controlling interest in Agricen, a Texas-based maker of biologically derived products that enhance plant fertilizer uptake. Agricen has 23 employees. The deal also includes a minority stake in sister research firm Agricen Sciences, which develops microbial and biochemical products for plant health. Agrium has owned a minority stake in Agricen since 2012. The fertilizer maker says the deal advances efforts to provide farmers with “sustainable plant health technologies” that complement conventional growing practices.

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