With its acquisition of the San Antonio-based Green Light Company, consumer lawn and garden business Valent is now poised to enter the consumer lawn and garden market.
The acquisition, signed on Aug. 14, 2008, 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.
“The multibillion-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.”
This acquisition is the latest in a series of moves to define Valent’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. For more information on Valent, call (800) 6-VALENT or visit www.valent.com.
