Biobest inks letter of intent to acquire NY-based Bioworks

Added on 18 May 2023

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Biobest inks letter of intent to acquire NY-based Bioworks

Belgium-based biocontrols supplier Biobest has announced the signing of a letter of intent (LOI) to acquire BioWorks, Inc., a Victor, NY-based manufacturer, and marketer of industry leading biopesticides.

The acquisition of its crop protection partner will allow Biobest Group to expand into biopesticides using BioWorks’ innovative portfolio of biopesticides for disease and insect control as well as its product development, marketing, and logistics expertise.

With a continued focus on the horticulture and specialty agriculture markets, and as a member of Biobest Group following the proposed acquisition, BioWorks will expand its range of biopesticide solutions for growers, enhancing the company’s contribution to reduce industry reliance on synthetic pesticides.

“Biopesticide solutions are a global strategic priority for us, and BioWorks has a strong range of products that growers demand,” said Jean-Marc Vandoorne, Biobest’s CEO. “BioWorks will continue to actively service the highly effective distribution channels it has developed over the past 30 years while adding new and unique biopesticides that will expand the range of biocontrol solutions available to growers. BioWorks will operate independent of Biobest’s beneficial insect and pollination business and Biobest’s North American subsidiaries.”