Stockton Group News
8 articles
growth-positive
North Carolina company partners with Israeli biopesticide producer
STK bio-ag technologies has partnered with Summit Agro U.S.A. for the exclusive distribution of STK products in the United States. Summit Agro will market STKs botanical-based biofungicides and biopesticides, as well as assume non-exclusive rights to sell Aviv biological fungicide. The partnership aims to provide fruit and vegetable growers in the USA with cutting-edge technologies for plant health and yield growth. The CEOs of both companies expressed excitement about the partnership and the expanded disease control options it offers.
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STK (Stockton Group) is a global leader in the production and marketing of biological control solutions
The article discusses the use of GPS tracking and IoT in smart farming in Israel. It highlights the challenges faced by farmers in Israel and how technology can help overcome them. The article does not mention any specific company or provide any information about the impact on a company. The key theme of the article is the application of technology in agriculture. No specific issues, investors, or customers are mentioned. The date of the event described in the article is not provided. Confidence: 7
growth-positive
Stockton Takes First Step Into The U.S. Market
The Stockton Group has appointed Sarah Reiter as its Country Manager for the United States. Reiter has over 20 years of experience in the crop protection industry, with a focus on biopesticides. Her appointment signals Stocktons focus on the US market and her mission will be to create and grow Stocktons business in the US, with a focus on Timorex Gold and future portfolio products. The CEO of Stockton Group, Guy Elitzur, expressed confidence in Reiters ability to provide the leadership and direction needed for the companys US business. Stockton specializes in the development, manufacturing, and marketing of plant extract-based biopesticides and has a variety of products adapted to regional needs. Timorex Gold, Stocktons flagship product, is registered and sold in over 30 countries.
Management Changes
growth-positive
The Israel-Based Stockton Group Announces Top Management Changes in Preparation for a Future NASDAQ IPO and in Advance of Planned Acquisitions in the Biological Control Arena
Stockton, an Israeli company, has announced changes in its top management. Guy Elitzur, the companys CFO & COO, will be appointed as the CEO starting from January 1, 2016. Ziv Tirosh, the current CEO, will focus on the companys preparations for a Nasdaq IPO and its new focus on M&A activity. The company aims to accelerate growth through the acquisition of companies and technologies in the biocontrol arena. Stockton was founded by Peter Tirosh and has developed Timorex Gold, a commercial biopesticide. The recent investment from Sichuan Hebang will support the companys accelerated growth plans and the development of additional biocontrol products. Stockton has obtained regulatory approvals for Timorex Gold in the USA. The company will continue to be headquartered in Israel with Sichuan Hebangs Chairman acting as its controlling shareholder.
Management Changes
growth-positive
Stockton Group Receives $90 Million From China's Sichuan Hebang Corporation Limited in Exchange for a 51 Percent Stake in Company
Stockton Group Israel and Chinas Sichuan Hebang Corporation Limited have entered into an agreement where Hebang Group will acquire a 51 percent stake in Stockton Group for $90 million. This investment will enable Stockton to increase its research and development capabilities and market penetration in the biofungicide market. Hebang Group is a public Chinese company traded on the Shanghai Stock Exchange and is active in various industrial activities, including the agrochemical industry. This is Hebang Groups first investment outside of China. The transaction is expected to close within 90 days, subject to regulatory approvals in China.
Acquisition
growth-positive
China's Hebang buys 51% of Israeli agrichemicals co Stockton
Sichuan Hebang Corp is acquiring control of Stockton, an Israeli agrichemicals company, by investing $90 million for 51% of Stocktons shares. The deal reflects a $177 million company value. This is Hebangs first investment outside of China. The acquisition is expected to support Stocktons growth as a leading global company in environmentally friendly pesticides. Stockton will continue to operate as an Israeli company without any management changes.
Acquisition
EU Approves AI in Stockton Group's Timorex
growth-positive
Stockton Group has been nominated for the "Oscar" of the global crop protection industry
The Stockton Group has been selected as a finalist in the Agrow Awards for their green pesticide product Timorex Gold. The awards ceremony will be held in Amsterdam on 28.10.13. The Agrow Awards is a prestigious competition that recognizes creativity and innovation in the global crop protection industry. Timorex Gold is a biofungicide based on plant extracts and is approved for use in organic and conventional agriculture in over 25 countries. The product is effective against a variety of diseases attacking crops such as vines, tomatoes, cucumbers, and bananas.
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