Secret Site Map
Monday, March 02, 2015

Home News MGK to Acquire a Division of Valent BioSciences

MGK to Acquire a Division of Valent BioSciences

Supplier News

The company intends to acquire the Environmental Science Division (ESD) of Valent BioSciences Corporation (VBC).

| August 12, 2013

***updated on 8/12/2013 at 2:15 p.m. with additional comments from MGK's Ian Thorburn***

MINNEAPOLIS, Minn. – MGK, an affiliate of Sumitomo Chemical Co., Ltd. (Sumitomo), announced that it intends to acquire the Environmental Science Division (ESD) of Valent BioSciences Corporation (VBC), based in Libertyville, Illinois.  This acquisition will broaden MGK’s portfolio of active ingredients and formulation technologies, enhancing its portfolio of insect control solutions, according to MGK President Steve Gullickson.

“This is a great opportunity for MGK,” said Gullickson. “Valent BioSciences’ ESD is a successful, well-operated business that has developed many effective insect control products, many of which will complement MGK’s existing product portfolio. More importantly, MGK is now in an even stronger position to serve our customers and create environmentally responsible and effective insect control solutions.”

MGK currently has approximately 250 EPA product registrations in the U.S, with one-third of its product line utilizing pyrethrum, the natural botanical ingredient. The remaining products are designed using conventional active ingredients and formulation technologies proprietary to MGK. By purchasing VBC’s Environmental Science Division, MGK will immediately add more than 100 registered products to its roster.  

“Our acquisition of the Environmental Science Division of Valent BioSciences consolidates a broad range of environmental health chemistry under one roof for future product development, which is very powerful,” says Ian Thorburn, group marketing manager, MGK. “We’re in the process of going through the entire portfolio to identify which technologies will be most valuable to the professional pest management industry. Acquiring these technologies will allow MGK to continue developing leading solutions for the professional market.”

There were 17 people employed by the Environmental Science Division of Valent BioSciences in Libertyville, Ill. “MGK is working to retain certain employees, further strengthening  the team we have in place to serve the pest control marketplace,” Thorburn said.

The transition of this Valent BioSciences division embodies the growing partnership between Minnesota-based MGK and Sumitomo. This acquisition aligns Sumitomo’s USA-based environmental health insect-control technologies under the MGK umbrella.

The acquisition is expected to close in September.

Top news

Protect-A-Bed Releases New Bed Bug Testing Kit

The new LightsOut Lab-In-A-Bag Efficacy Kit is now available to assist the pest management industry.

Legislative Day Preview: New Congress, New Opportunities

Attendees of Legislative Day 2015, scheduled for March 15-17 in Washington D.C., will be greeted by many new faces in Congress, a development that could be positive for the pest control industry.

Webinar: Fire Ant Management Using Baits

The next webinar in the “All Bugs Good and Bad 2015 Series” is titled “Fire Ant Management Using Baits” and takes place March 6, 2015 at 1 p.m. (CST).

More 2014 Angie’s List Award Winners Announced

Angie’s List recently announced the following companies as 2014 Super Service Award winners: Arizona Pest Control, Tucson, Ariz.; Braman Termite and Pest Elimination; Inspect-All, Conyers, Ga.; and Gannon Pest Control, Solvay, N.Y.

Ecolab Releases 2014 Q4 Results

The company said its fourth-quarter earnings rose 17%. Ecolab CEO Doug Baker said the company’s U.S. pest business “has been steadily improving” due to a number of investments in that business starting two years ago.

x