Beneficial Insectary Acquires Sierra Biological Inc.
Beneficial Insectary Inc. and Sierra Biological Inc. announced the closing of a transaction whereby Beneficial Insectary acquired 100% of the equity in its distributor Sierra Biological Inc.
This transaction consolidates a long-standing collaboration between the two companies whereby Sierra Biological, in addition to commercializing a limited range of products produced in-house, mainly distributes products manufactured by Beneficial Insectary.
Casey Decker, managing director of Sierra Biological, says: “I am pleased to see this transaction close. It is a logical and mutually beneficial way to give our excellent collaboration with Beneficial Insectary a more structural and permanent character. I will continue to lead Sierra Biological and will further operate as an independent distributor with a regional focus in the Northeast. My clients value our quality, reliability, and personal service. The logistical and administrative benefits of a closer relationship with Beneficial Insectary will mean I can dedicate more of my time to serving their needs.”
Cliff Noorlander, CEO of Beneficial Insectary, says, “I look forward to continuing my excellent working relationship with Casey within this new setting. It consolidates our long-standing relationship with Sierra Biological. We’ll be able to realize many operational synergies which will allow Casey to focus even more on serving his customers. As part of the Biobest Group, I value the independence with which Beneficial Insectary can continue to operate and grow. I firmly intend to work in the same spirit with Sierra Biological. In addition to operational synergies, Sierra Biological brings certain in-house production and research programs. We look forward to the opportunity to further develop these relying on the resources and know-how of the group. Sierra’s technologies include nematodes and new technologies to control cannabis pests, which we will aim to leverage as part of our offering to this important market segment.”