03:30 EDT 4 Apr 2017
PETACH TIKVA, Israel and HAMBURG, Germany, April 4, 2017 /PRNewswire/ --
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Stockton STK specializes in the development and marketing of botanical-based pesticides and Jebagro (a division of Jebsen and Jessen, Germany), announced today that as part of the overall strategic direction of Stockton, these two companies have come to an agreement about the transfer of various registrations.
Stockton has agreed to sell part of its generic registrations and distribution rights for various countries in Central and South America and in the Philippines, to Jebgaro as part of its strategic direction.
"This decision was taken as part of the new strategic direction of the company, transitioning from generic conventional to biotechnology and hybrid crop protection products," explained Guy Elitzur, CEO of Stockton.
For Jebagro, it is a good opportunity to expand its service towards customers. Besides financial service and sourcing of agrochemicals, Jebagro will now be in a position to also offer formulated end-use products against own registrations in Central and South America.
About Jebagro GmbH
Jebagro is a division of Jebsen & Jessen, Hamburg Germany. Jebagro is in charge for the global protection business of the Jebsen & Jessen group. Jebagro offers to customers various services including sourcing and logistics of products, product development and distribution of plant protection products.
About the Stockton STK
Stockton STK specializes in the development and marketing of botanical-based biopesticides. Its core focus is on the incorporation of these biopesticides into integrated agriculture spraying programs that use conventional chemical products, thus creating a balanced, cleaner and sustainable agricultural environment.
Stockton STK is a global company established in 1994 and has an active R&D Center for the development of future natural products for crop protection. Its unique research and development center in Israel invests substantial resources in developing 'green' products. Stockton STK has a variety of products adapted to different agro ecological areas, biological parameters and regulatory guidelines.
Stockton's flagship product Timorex Gold® is used to control a broad spectrum of diseases in diverse crops. The product demonstrates an efficacy equivalent to chemical fungicides and is suitable to be used in conventional and organic agriculture. Timorex Gold® is registered and sold in over 30 countries.