AGRI-NUTRITION GROUP TO PURCHASE PURINA MILLS BROMETHALIN RODENTICIDE; POSITIVE IMPACT ON PROFITABILITY.MARYLAND HEIGHTS, Mo.--(BUSINESS WIRE)--May 14, 1996-- Agri-Nutrition Group Limited (Nasdaq/NM:AGNU AGNU Asociación Guatemalteca pro Naciones Unidas (Spanish) AGNU Association Guinéenne pour les Nations Unies ) today announced the signing of an agreement in principle to purchase the worldwide patents, active ingredient An active ingredient, also active pharmaceutical ingredient (or API), is the substance in a drug that is pharmaceutically active. Some medications may contain more than one active ingredient. inventory, registrations and rights to bromethalin, a highly effective and proprietary rodenticide rodenticide (rōdĕn`tĭsīd'): see pesticide. serving agricultural and Pest Control pest control n → control m de plagas pest control n → lutte f contre les nuisibles pest control pest n Operator (PCO PCO 1 Patient complains of 2 Polycystic ovaries, see there ) markets. Included in the purchase will be substantially all assets and business of Earth City Resources, Inc., a Purina Mills subsidiary which markets products under the Trounce(R) and Farmgard(R) brand names. Subject to negotiation of a definitive agreement, the transaction is expected to be completed by May 31, 1996. W. M. Jones, Jr., chairman and chief executive officer of Agri-Nutrition Group Limited, said, "The purchase of bromethalin is consistent with our goal of becoming a more valued supplier to our key domestic and international clients. We are actively pursuing other product and company acquisitions and alliances to support this effort. As a result of this transaction, we will be able to significantly reduce the cost of production, improve profitability, and expand the market for this product." To serve its nationwide distribution network, Purina Mills will retain its highly respected Assault(TM) brand trademark as well as five year exclusivity on certain dosage dosage /dos·age/ (do´saj) the determination and regulation of the size, frequency, and number of doses. dos·age n. 1. Administration of a therapeutic agent in prescribed amounts. sizes of bromethalin-based products. PM Resources, an Agri-Nutrition Group subsidiary, will continue to manufacture Purina Mills Assault(TM) brand bromethalin products. Agri-Nutrition Group Limited was founded in 1993 to acquire and operate businesses in the domestic and international food, agriculture and pet industries. The Company has acquired and now operates three companies; PM Resources, Inc., Zema Corporation and St. JON Laboratories, Inc., which companies produce or market a wide variety of nutritional, health and grooming Combining, consolidating and segregating network traffic using devices such as digital cross-connects, add/drop multiplexers and SONET switches. Grooming is a telephone term that typically refers to managing high-capacity lines between central offices, carriers, ISPs and very large products for the pet and animal health industry. The integration of these companies produces certain operating synergies, creating a platform for significant internal expansion. In addition, the Company is actively pursuing other complementary acquisition opportunities. CONTACT: Agri-Nutrition Group Limited, Maryland Heights George Daignault, 314/298-7330 |
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