Koch Agronomic Services, one of the agricultural industry’s leaders in plant performance technologies, has reached a deal with Compass Minerals to purchase Compass’ North American micronutrient assets, the global intellectual property rights, with trademarks and patents, and certain other assets associated with the Wolf Trax, Rocket Seeds, and Hydro Bullet product platforms.
Through the acquisition of the micronutrient assets, Koch will expand its ability to help growers across the world improve efficiency, utilization, and uptake of nutrients beyond nitrogen. Koch, for example, is currently well-known for its innovative ANVOL nitrogen stabilizer, and the company markets and distributes efficient fertilizer products in more than 55 countries.
According to the Compass Nutrients website, the details behind the newly acquired products are:
- Wolf Trax: “Wolf Trax DDP micronutrient and secondary nutrient fertilizers are uniquely designed to coat onto dry fertilizer blends and deliver highly-available nutrition through better distribution in the field than traditional granular fertilizers.”
- Rocket Seeds: “An innovative, robust seed-applied nutritional, Rocket Seeds offers a portfolio of flexible, highly-concentrated nutrient sources so young crops can better withstand early-season cold and water stress while progressing through the vegetative growth stage.”
- Hydro Bullet: “Hydro Bullet liquid formulations offer unique, research-proven nutrient combinations that support specific agronomic needs to help plants optimize their genetic potential.”
Compass describes its plant nutrition business as manufacturing an innovative and diverse portfolio of products that improve the quality and yield of crops, while supporting sustainable agriculture. This dovetails well with Koch’s longtime efforts to increase nutrient use efficiency, such as through minimizing nitrogen loss.
“At Koch, we strive to provide solutions to make every ton of nutrient applied more efficient than it is today, and this agreement allows us to offer a platform of innovative, efficiency solutions complementary to our existing products,” said Steve Coulter, senior vice president of Koch.
The transaction is expected to close in April 2021, subject to customary closing conditions.