Agrium Inc (AGU), through its subsidiary Loveland Products Inc has closed on the acquisition of Starpharma Holdings Limited's agrochemical business for Australian dollar–A$35 million ($26.4 million).
Starpharma’s agrochemical business is focused on development of its proprietary Priostar dendrimer polymer technology portfolio.
The acquisition is comprised of key intellectual property, as well as a small number of dedicated staff based in Melbourne, Australia. These assets will support Agrium's innovation and technology strategy through the ability to continue providing unique proprietary products that address existing and emerging grower challenges.
Read more: Agrium acquires Starpharma's agrochemical business for $26.4 mn
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