Valent U.S.A. Corporation announced today its agreement to acquire certain assets of Green Light Company, a consumer lawn and garden business. The Green Light acquisition will provide the strategic foundation for Valent's entry into the consumer lawn and garden market.
San Antonio-based Green Light offers consumers a wide variety of self-branded insecticides, fungicides, herbicides and fertilizers through lawn and garden distributors and retailers.
California-based Valent is a major supplier of many best-in-class crop protection products for agricultural, turf and ornamental operations. Valent is a wholly-owned subsidiary of Sumitomo Chemical Company, Limited (SCC), a committed global leader in the discovery and development of crop protection and plant enhancement products. SCC is Japan's leading supplier of consumer lawn and garden products.
"The multi-billion dollar consumer lawn and garden market is experiencing unprecedented growth. As homeowners and gardeners spend time caring for their yards, they demand effective, environmentally sound products," said Trevor Thorley, chief operating officer and president of Valent. "With this acquisition, we will blend Valent's strong reputation for developing new, highly effective products with Green Light's rich history and commitment to serving this market—ultimately giving consumers and retailers the products they need with the service they deserve."
The acquisition, includes all Green Light products, brands, registrations and intellectual property. Green Light products will continue to be marketed under current brands, and customers should see no interruption of product supply during the transition. All current Valent business divisions, including the agricultural, turf and ornamental segments, will continue to operate with no change in status, products or distribution. The transaction is scheduled to close within 30 days provided that all necessary approvals have been obtained.
This acquisition is the latest in a series of moves by Valent leaders as they define the company's expansion strategy. With the recent introduction of several new fungicides and insecticides, the company has significantly increased its presence in the turf and ornamental markets. Additionally, Valent has committed a notable investment in building the research pipeline for developing new active ingredients across all business segments.
