Plant Impact Plc (LON:PIM) , the AIM listed group behind a range of ecologically friendly crop nutrition and protection products, has signed an exclusive evaluation, development and distribution agreement with Agrimatco covering the company's InCa, PiNT K, PiNT Ca, Balance, Saxon, Scope, CaB and Speedo additive products. The agreement covers countries in the Middle East, North Africa, Eastern Europe and Central Asia. Initial crop targets are in high value horticulture with potential extension into some arable crops.

Plant Impact said the deal was an “important development” for the company and demonstrated the value of engaging with major companies in key territories. It said that Agrimatco would be a strategically important partner in these territories because of its geographically spread distribution chain and its 85 sales outlets, along with its man power on the ground. The agreement extends Plant Impact’s territorial coverage of the crop nutrient products from 52 to 73 countries; increases its field trial development programme and should increase the commercial potential of the products involved.

As part of the deal, Agrimatco will have exclusivity to evaluate the products in field trials until December 31, 2011. Once that is complete, it will ensure that products are registered locally and will market and distribute the products on an exclusive basis. Detailed development and distribution agreements will be signed country by country as they come on stream.

Peter Blezard, the chief executive of Plant Impact, said: “We are delighted to announce this agreement which further demonstrates the potential of Plant Impact's products in key territories. Agrimatco are and will continue to be a valued and influential partner to Plant Impact.” Click here to read a Stockopedia interview with Peter Blezard.

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