Brandt Acquires Majority Stake in Baicor
29 April 2016 Brandt, a leading agriculture retailer and manufacturer of specialty Ag products, has acquired a majority interest in Baicor, a Logan, Utah-based manufacturer and distributor of specialty fertilizers, focusing on liquids for foliar and soil applications.
This acquisition will give Brandt additional manufacturing capacity, plus access to a pipeline of new products based on leading research at the forefront of plant nutrition.
“I am excited about this transaction,” said Rick Brandt, President and CEO of Brandt. “Baicor shares our values: We both believe in maximizing plants’ potential through the application of good science and quality products. We are thrilled to welcome Baicor into the Brandt family.”
Founded in 1989, Baicor manufactures products for agriculture, greenhouse, turf and lawn & garden growers. The company distributes more than 40 proprietary specialty agriculture inputs under the Baicor brand, in addition to extensive private label manufacturing. Baicor products are distributed globally.
“We are excited to join the Brandt family,” said Dr. Gene Miller, Founder of Baicor. “This transaction makes us part of a bigger organization and will provide the opportunities necessary to continue to grow in the business and stay on the cutting edge of plant nutrition.”
Baicor will operate as a Brandt subsidiary, part of the company’s Specialty Formulations division under the direction of EVP Bill Engel. Baicor employees will be retained and Baicor management will continue to operate the company day-to-day.
“We’ve been working with the Baicor team indirectly for a number of years through our Grigg Brothers brand,” noted Brandt. “And we’ve seen firsthand the quality of their products and their commitment to customer service. With the Baicor team on board, the Brandt team is even stronger.”
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