Secret Site Map
Sunday, April 26, 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

Missy Henriksen, PPMA Executive Director, Resigns

The trade association veteran is headed to an allied industry: the National Association of Landscape Professionals. There she’ll be charged with creating the equivalent of the Professional Pest Management Alliance for landscape industry professionals.

Gene White Named Rentokil NA Technical Director

White, who joined Rentokil in May 2013, is now responsible for technical support for North America, including Canada and Mexico.

ESA Announces New ACEs and BCEs for March/April 2015

The Entomological Society of America announced that 22 industry professionals recently earned BCE or ACE credentials.

Cleveland Association Recognizes Hank Althaus with Tom Evans Award

The Greater Cleveland Pest Control Association (GCPCA) recognized Hank Althaus, president of Cincinnati-based Scherzinger Pest Control, with the Tom Evans Award at the association's annual awards banquet.

Loyal Termite & Pest Control Wins 'Reader's Choice' Award

The company was recognized by Richmond Magazine for the fifth straight year.

x