Jul 02, 2014
Leawood-based Specialty Fertilizer Products LLC has sold its business to North Carolina-based Verdesian Life Sciences LLC. SFP, founded in 1998, is a research and development company that creates technologies to increase the efficiency and environmental benefits of fertilizer products. The company’s products are formulated to be added to a farmer’s existing fertilizer to improve the availability of nutrients. SFP currently employs more than 60 people.
Verdesian, founded in 2012, is a plant health and nutrition company with patented biological, nutritional, seed treatment and inoculant technologies that help specialty and row crop growers and turf management specialists increase yields and return-on-investment. The company is based in Cary, N.C., with production and manufacturing facilities in CA, WA and IN.
SFP will become Verdesian in early 2015, and a combined sales force will be formed. The selling price was not disclosed.