Waukegan, Illinois
July 21, 2009
Precision Laboratories,
Inc. today announced it has entered into a license agreement
with Aglukon Spezialduenger
of Düsseldorf, Germany, a leader in the specialty fertilizer
market. Under the terms of the agreement, Precision Laboratories
has acquired rights to certain processes, formulations and
products from Aglukon.
The alliance will result in Aglukon’s extensive and unique
technology and know how to be introduced to the United States
foliar fertilizer market. Precision will be establishing a
manufacturing facility for the technology that will come on
stream in 2009. The agreement also provides Precision with the
complete use of Aglukon’s extensive data and research for the
benefit of American growers and turfgrass professionals.
“We are pleased to be associated with the expertise and solid
market presence of a world-leading firm such as Aglukon.
Leveraging our two companies' strengths, we expect to earn a
significant portion of the market given the superior technology,
experience and market presence of our businesses,” said
Precision’s president, Richard Wohlner. “Aglukon’s leadership in
the specialty fertilizer market will give us the opportunity to
provide both the turf and agricultural industries advanced
products in the near future.”
Terry Culp, vice president of Precision’s newly expanded Seed
Enhancement and Nutrients Business Unit, will lead and manage
the company’s initiatives in the agricultural, turfgrass and
ornamental horticulture markets. “This is the perfect compliment
to ensure future growth. Precision will capably position the
knowledge and leadership that Aglukon has earned world-wide in
the U.S. specialty foliar fertilizer market,” said Culp.
For more information please visit
www.precisionlab.com/wuxal or call (800) 323-6280.
Precision Laboratories is a leading provider of specialized
chemistries applied to plants, seeds, soil and water to maximize
resource and biological performance potential while stewarding
the environment. For more information on the company’s products
and its value-added dealers, call 800-323-6280 or visit
www.precisionlab.com
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