Cary, North Carolina, USA
April 17, 2013
Cary, NC, US and Howden, East Yorkshire, UK - Verdesian Life Sciences, LLC ("Verdesian"), a Paine & Partners, LLC ("Paine & Partners") company, today announced that it has acquired all of the assets of Plant Syence Ltd and its affiliates ("Plant Syence"). Plant Syence is an East Yorkshire-based company which has served as a manufacturer's representative for Verdesian in the United Kingdom and continental Europe for the last 11 years. Financial terms of the transaction were not disclosed.
"Verdesian is committed to product development and enhancing our portfolio through acquisition of companies and technologies. The acquisition of Plant Syence is an important step in Verdesian's growth strategy," said JJ Grow, Chief Executive Officer of Verdesian Life Sciences. "We have had a successful and long-term relationship with Plant Syence. They've developed strong local relationships and have offered keen insight into local markets that has led to the continued development of Verdesian products. We welcome Plant Syence to the Verdesian family and look forward to creating a global plant health company together."
"We firmly believe that this development will benefit the company and our customers," said John Haywood, CEO Plant Syence. "Increased investment from our new parent company will allow us to be more responsive to the needs of our customers and provide more support to those using our products. Our team will remain the same, as will the quality of our products, and with this extra support we plan to develop more innovative products."
Plant Syence will immediately begin conducting business as Verdesian Life Sciences Europe, Ltd. Haywood will assume the Managing Director position of Verdesian Life Science Europe and will report to JJ Grow.
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