Platte River Equity has acquired Tiger-Sul Products, a global leader in sulfur fertilizers and crop performance products, in partnership with existing management.
Tiger-Sul was acquired from H.J. Baker & Bro., Inc., which has owned the company since 2005 and will retain a minority equity position.
Tiger-Sul’s headquarters will remain in Shelton, Connecticut, US, and the company will continue to operate its existing facilities in Atmore, Alabama; Stockton, California; Irricana, Alberta (Canada); and Shanghai, China.
“For more than 50 years, Tiger-Sul has been providing farmers around the globe with high quality sulfur bentonite and micronutrient fertilizers, pushing the boundaries of innovation in the industry,” said Don Cherry, CEO of Tiger-Sul. “Platte River has the resources and experience to help us accelerate the Company’s growth in the global market.”
“We were attracted to Tiger-Sul because of its reputation in the agriculture industry for superior products and a consistent ability to deliver product innovations to address the needs of its end customers,” said Kris Whalen, Managing Director of Platte River.
“We welcome Tiger-Sul to the Platte River portfolio and look forward to partnering with Don Cherry and the leadership team to take full advantage of the available growth opportunities,” added Platte River Vice President, Eric Crawford.
Platte River invested capital out of its third fund, Platte River Equity III, L.P., to acquire Tiger-Sul. Bartlitt Beck Herman Palenchar & Scott LLP served as legal counsel to Platte River.
Read the article online at: https://www.worldfertilizer.com/nitrogen/13122016/platte-river-equity-acquires-tiger-sul-products/