Verdesian Life Sciences, a subsidiary of Paine & Partners has announced the acquisition of all the assets of Plant Syence Ltd and its affiliates. Plant Syence is a company based out of East Yorkshire and has served as representative of Verdesian in the UK as well as continental Europe in the last decade.
The financial terms of the sale was not disclosed.
According to JJ Grow, CEO of Verdesian Life Sciences, "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. "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."
This was seconded by the CEO of Plant Syence, John Haywood, who said,"We firmly believe that this development will benefit the company and our customers. 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."
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