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Koch Agronomic Services Acquires Mendel Biotechnology Unit.

MANews-(C)2009-2014

US-based fertiliser maker Koch Agronomic Services, LLC said that one of its subsidiaries has purchased the biological research and development business of Mendel Biotechnology, Inc.

The business will operate as Mendel Biological Solutions and will continue to be based in Hayward, Calif, Koch said.

Mendel's biological research and development team focuses on biological crop solutions meant to increase crop yield potential through the use of naturally derived products.

The acquisition establishes a new biological platform for KAS, furthering its effort to develop technologies that serve evolving needs of the agricultural industry, the company said.

Financial details of the agreement are not being disclosed.

Kirchner and Co, the MandA arm of the Kirchner Group, acted as the advisor to Mendel biotechnology, Inc.

Koch Agronomic Services, LLC is a subsidiary of Koch Fertilizer, LLC. Koch Fertilizer, LLC is a subsidiary of Koch Ag and Energy Solutions, LLC.

Country: USA

Sector: Agriculture/Forestry

Target: Mendel Biotechnology, Inc

Buyer: Koch Agronomic Services, LLC

Deal size in USD:

Type: Corporate acquisition

Financing:

Status: Closed

Buyer advisor: , ,

Comment:

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Publication:M & A Navigator
Date:Dec 5, 2014
Words:175
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