Biobest completes Bioworks transaction

Biobest has announced the completion of the transaction to acquire US-based biopesticide manufacturer and marketer BioWorks.

According to the group, the BioWorks acquisition accelerates its expansion into biopesticides, utilising BioWorks’ portfolio of biopesticides for disease and insect control as well as its product development, marketing, and logistics expertise.

“Biopesticide solutions are a global strategic priority for us, and BioWorks has a strong range of products that growers demand,” said Jean-Marc Vandoorne, Biobest’s CEO.

“BioWorks will continue to actively service the highly effective distribution channels it has developed over the past 30 years while adding new and unique biopesticides that will expand the range of biocontrol solutions available to growers,” he continued. ”BioWorks will continue to operate independently of Biobest’s beneficial insect and pollination business and Biobest’s North American subsidiaries.”

BioWorks’ headquarters in Victor, New York, will serve as the North American manufacturing and marketing hub for biopesticides for the entire organisation.

“I am pleased that Bill Foster will continue to lead the organisation as CEO and that the senior management team remains fully dedicated,” said Vandoorne. ”We value continuity in our M&A strategy and this will be no different with BioWorks.”

“With our growers in mind, this greatly increases our ability to provide more innovative biopesticide solutions across a broad range of geographies,” said Bill Foster, CEO of BioWorks.

“We will continue to innovate through research and development while working with our channel partners on strategies that will speed-up our ability to get products to market.

”We are excited to be part of a global leader in biological control and are confident that we will make a great contribution to deliver on Biobest’s aim to be the preferred partner for biological control of growers across the globe,” he added.