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US (CA): Acquisition of new product lines to expand in the agricultural bioprotection market

Marrone Bio Innovations has acquired from Jet Harvest Solutions all rights and assets to the Jet Ag and Jet Oxide product lines. Jet Ag and Jet Oxide are broad-spectrum products used both for control of fungal and bacterial diseases and as disinfectants.

"The transaction builds on a two-year relationship and prior distribution agreement between Jet Harvest and Marrone Bio," the team with the company explains. "Going forward, the portfolio will be sold through Marrone Bio’s existing sales force and distribution network except for the post-harvest business, which has been licensed back to Jet Harvest Solutions."

“We continue to expand our portfolio of products for integrated pest management, giving growers more tools to control diseases, improve plant health, and enhance grower return on investment,” said Marrone Bio Chief Executive Officer Dr. Pam Marrone. “The Jet Ag product line delivers the kind of results we demand of our products: Proven performance, capacity for significant revenue growth and attractive gross margins.”

"The products—which are used in specialty agricultural and field crops as well as greenhouse and irrigation applications—are expected to be a strong fit with Marrone Bio’s BioUnite strategy. Jet Ag and Jet Oxide also can be used in post-harvest storage fogging, greenhouse surfaces/irrigation systems and agriculture irrigation water and drainage ditches. Jet Ag is one of the leading products in the peroxyacetic acid (PAA) agriculture, turf, ornamentals and post-harvest markets."   

For more information:
Marrone Bio Innovations, Inc 
1540 Drew Ave Davis CA 95618 
T: 1.530.750.2800 
Toll Free: 1.877.664.4476     

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