Cleanzine: your weekly cleaning and hygiene industry newsletter 16th January 2025 Issue no. 1145
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Betco to acquire environmental management assets from BiOWiSH Technologies
Speciality chemical and equipment manufacturer Betco Corporation has entered into a binding acquisition agreement for key environmental management intellectual property and clients from BiOWiSH Technologies, serving the hydrocarbon remediation, odour control, waste management, surface and wastewater treatment industries.
This acquisition, pending customary closing conditions and adjustments, marks Betco's third in the bioaugmentation space under its wholly owned subsidiary, EnviroZyme.
As a world leader in microbial biotechnology, EnviroZyme specialises in end-to-end manufacturing of sustainable solutions for diverse environmental, water and waste treatment applications. Its ability to solve complex bioaugmentation challenges is rooted in advanced capabilities that include custom fermentation, formulation, blending and packaging. These offerings are backed by continued investment in new competencies and its state-of-the-art facility, which is ISO 9001:2015 certified and FDA registered.
Headquartered in Cincinnati, Ohio, BiOWiSH is a global biotechnology company renowned for its research, development, and marketing of innovative solutions tailored for the agriculture, aquaculture and environmental management industries. By collaborating with leading corporations and research institutions, the company has been able to explore and develop a wide range of commercial uses for its proprietary technology.
"BiOWiSH's robust portfolio of environmental management customers perfectly aligns with our existing business," says Toby Jercovich, chief financial officer of Betco Corporation. "This strategic move will drive growth for decades to come, and we look forward to building upon the success that BiOWiSH and its customers have already established."
Rod Vautier, BiOWiSH president, adds: "The sale of our environmental management portfolio marks a significant milestone in our strategy to focus on agriculture, where we are leading the transition from commodity fertilisers to biologically enhanced efficiency fertilisers. This solidifies our dedication to tackling the global food crisis by supporting sustainable agriculture practices that improve both economics and productivity while preserving the integrity of our ecosystems."
The BiOWiSH integration also signals Betco's commitment to building on EnviroZyme's position as a top provider of bioaugmented solutions for water resource recovery worldwide. With the combined entity's expanded geographical reach and product range, EnviroZyme is poised to quickly capture larger market share in the booming water and environmental technologies field.
The purchase will be fully funded at the targeted close date later this year. Through additional acquisitions and organic growth, Betco Corporation is well positioned to further enhance its capabilities and presence in crucial markets.
www.envirozyme.com | www.betco.com
12th December 2024