Sacramento Business Journal
Marrone Bio Innovations, a Davis-based developer of biologically based pesticides, and Nufarm Australia Ltd. announced an agreement to make Marrone’s Grandevo bioinsecticide available in Australia and New Zealand. Those markets are potentially worth a combined $300 million annually.
Nufarm, the largest maker of crop-protection products in Australia, will be the exclusive distributor of Grandevo in Australia and New Zealand, the companies said.
This deal is Marrone Bio’s first in the Asia-Pacific region, Marrone Bio Innovations Inc. (Nasdaq: MBII) CEO and founder Pam Marrone said in an email.