PHC Expands Distribution Agreement with Sym-Agro

RNS Number : 6534H

Plant Health Care PLC

02 December 2015

 

Plant Health Care Expands Distribution Agreement with Sym-Agro, Inc.

Raleigh, NC, December 2, 2015.  Plant Health Care (AIM: PHC.L), a leading provider of novel biological products to global agriculture markets, today announced that it has signed a new distribution agreement with Sym-Agro Inc. which expands the relationship between the two companies.

Under the expanded agreement, Sym-Agro will distribute Employ^®, a product based on Plant Health Care's proprietary Harpin αβ protein technology for foliar application, and Myconate^®, a mycorrhizal stimulant for plant root growth, across more territories in the Western U.S. agricultural markets. Product usage will also target a wider array of specialty crops. Commercial terms were not disclosed.

"Sym-Agro has been a valued partner since 2011 and we are enthusiastic about the investments they have made in field trials, personnel and market development to power this expansion," said Paul Schmidt, CEO of Plant Health Care. "We see continued growth in the specialty markets for these products and anticipate significant volume growth in our business with Sym-Agro."

"We're excited about the opportunity to broaden our relationship with Plant Health Care," added Peter Bierma President, Sym-Agro. "Plant Health Care products are a very important part of the Sym-Agro offering to growers. The improvement in yield and quality that we have seen over the past four years has generated strong demand for these products and we look forward to continued growth."

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About Plant Health Care plc: Plant Health Care plc ("Plant Health Care") is a leading provider of novel, patent-protected biological products to global agriculture markets.  The Company's ordinary shares have been quoted on the AIM Market of the London Stock Exchange since July 2004 (ticker symbol/mnemonic: PHC.L).  The Company offers products to improve the health, vigor and yield of major field crops as well as specialty crops such as fruits and vegetables.  PHC's innovative line of proprietary products provides economic and environmental benefits for customers, and capitalizes upon long-term trends towards natural systems and biological solutions to promote plant health and higher yields.  Plant Health Care has global reach through operating subsidiaries and supply agreements with major industry partners.

About Sym-Agro, Inc: Headquartered in Visalia, California Sym-Agro's focus is to represent, develop, and acquire high quality products to anticipate the evolving markets for solutions to grower needs. The company offers a growing portfolio of unique organic and conventional products and novel formulations. This unique strategy, in combination with an experienced management team, provides solutions and value for our customers. Further information is available at: http://www.sym-agro.com

Further information is available at: www.planthealthcare.comor please contact:

Plant Health Care plc
Paul Schmidt, Chief Executive Officer	Tel: [phone] (x100)
Jeff Hovey, Chief Financial Officer	Tel: [phone] (x101)
Liberum Clayton Bush / Steven Tredget	Tel: [phone]
LHA
Ed McGregor / Jody Burfening	Tel: [phone]

 

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