The DeBug range of products provides growers with a portfolio of solutions for insect control across a broad base of pests and crops.
LOS ANGELES, May 17, 2022 /PRNewswire-PRWeb/ -- GT Securities, Inc. ("GT Securities") announced today that the DeBug brand of neem products from Agro Logistic Systems, Inc. ("ALSI") of Brea, CA, has been acquired by MGK, Minneapolis, MN, a subsidiary of Sumitomo Chemical Company. GT Securities served as the exclusive financial advisor to ALSI.
The DeBug range of products provides growers with a portfolio of solutions for insect control across a broad base of pests and crops. Debug products unique formulation offers quadruple action as an insecticide, fungicide, miticide and nematicide are the preferred products for many of the largest organic farms in USA and Mexico.
MGK was seeking a strategic acquisition to complement their current botanical portfolio, which includes their legacy brands, Pyganic and EverGreen. MGK plans to incorporate neem into their product development process and deliver innovative solutions to multiple markets for decades to come. The acquisition of the Debug range of products by MGK now provides growers with a portfolio of high-quality solutions for insect control across a broad spectrum of pests and crops.
Managing Director Jeff Dillman led the transaction on behalf of GT Securities and their client ALSI. Mr. Dillman has a decade of experience in mergers & acquisitions and corporate finance, including his tenure with middle market investment banking and private equity firms. "This transaction was an excellent pairing for both MGK and Agro Logistic Systems Inc and thoroughly addressed the strategy and future goals of these two companies."
"This acquisition supports MGK's mission to make life healthier by offering responsible products that protect people and their environments from the impact of insects," said MGK President Steve Gullickson.
"We are excited to add neem to our portfolio of botanical active ingredients. MGK now has a strong development and commercial position in three, time-tested and highly effective EPA-registered botanical active ingredients," said Don Sundquist, MGK's director of business development. "We believe DeBug and future neem-based offerings are a perfect complement to MGK's portfolio of organically-compliant crop protection products."
Shyam Chari, Founder and President of ALSI, commented: "Jeff Dillman of GT Securities led us through the whole acquisition process and stood with us to the end. He supported us on a difficult, arduous negotiation process and brought it to a successful completion."
Michael Page of Rutan & Tucker, LLP (California) served as legal advisor to ALSI. Shyam stated, "Mike was quick, responsive and gave valuable inputs throughout the process."
About Agro Logistic Systems, Inc
Agro Logistic Systems, Inc. has been a leading innovator, producer and wholesale distributor of organic biopesticides since being founded in 1985 by President Shyam Chari. ALSI has built a strong reputation in the industry as a top-quality provider of neem-based products to farmers and distributors across North America. For more information, visit https://agrologistic.com/.
About MGK
Since 1902, MGK Company has been developing and marketing a broad portfolio of branded insect control products based primarily on natural pyrethrum and man-made technology. In addition, they develop custom solutions for insecticide manufacturers around the world that meet a wide variety of insect control requirements. For more information, visit https://www.mgk.com/.
About GT Securities
GT Securities, Inc., based in Los Angeles, California, is a full-service investment banking firm that raises equity (primary and secondary) and debt (secured and unsecured), and executes upon acquisition, divestiture, and merger transactions for companies of all types and sizes. GT Securities' global network of investment banking professionals have completed hundreds of transactions for clients across a diverse array of industries and geographies. The company is registered as a broker-dealer with the U.S. Securities and Exchange Commission (SEC) and is a member of FINRA and SIPC. For more information, visit https://gtsecurities.net/.
Media Contact
Jeff Dillman, GT Securities, Inc., 1 949-698-8293, [email protected]
SOURCE GT Securities, Inc.
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