ICL Acquires Custom Ag Formulators
ICL is expanding its specialty plant nutrition footprint in North America with the acquisition of Custom Ag Formulators (CAF).
“Custom Ag Formulators was founded to provide quality products with custom formulations and packaging in a timely and efficient manner,” said Patrick Murray, principal and director of sales for Custom Ag Formulators. “For more than 25 years, our mission has been to consistently lead the industry in customer service, quality and product innovation, and we are excited to move this mission forward with ICL Group.”
The $60 million purchase will give ICL access to CAF’s liquid adjuvants, enhanced nutrients and other specialty products. CAF also holds two U.S. facilities in Fresno, Cal., and Adel, Ga. that manufacture liquid and dry formulations.
“We are pleased to have Custom Ag Formulators join ICL and bring their expertise to our customers in the U.S.,” said Elad Aharonson, president of ICL Growing Solutions. “This acquisition helps further the growth of our global Growing Solutions business, by enabling us to meet the distinctive needs of local growers through our existing distribution partners. It also allows us to address the specific requirements of farmers across the growing regions of the West Coast and the Southeast, where crops – and their nutritional needs – can vary greatly.”
Ag Plus Cooperative Appoints Josh Hilbrands as Chief Executive Officer
Josh Hilbrands is the new Chief Executive Officer at Ag Plus Cooperative as of July 29.
Hilbrands previously held positions at West-Con, South Dakota Wheat Growers, Agtegra, and most recently, New Vision Coop.
“We are excited about the fresh perspectives and leadership Josh will bring to Ag Plus Cooperative,” said Eddie De Langhe, board chairman. “His strategic vision, dedication to customer satisfaction, and extensive experience and commitment to agriculture make him a valuable addition for employees of Ag Plus and our patrons. We are confident that Josh’s leadership will not only enhance our operational efficiency but also strengthen our ties with the community and uphold the cooperative’s values and mission.”
Corteva names David Johnson EVP/CFO Following Dave Anderson’s Retirement
David Johnson will serve as Corteva’s new executive vice president and chief financial officer (CFO) as of September 16, 2024.
He will succeed Dave Anderson, who will serve as a strategic advisor to the CEO until his retirement in the first quarter of 2025.
“David is an accomplished CFO who brings to his new role a proven track record of delivering strong results, operational efficiency and financial discipline to large, global organizations,” said chief executive officer Chuck Magro. “The board and I are delighted to have David join our management team and help us continue to deliver profitable growth to our shareholders and groundbreaking technology to our customers.”
Johnson brings over 30 years of experience to this role. He was most recently CFO at Atkore, where he was responsible for all financial and information technologies activities.
“I could not be more excited to join Corteva, a leader of one of the world’s most dynamic, competitive industries. I look forward to working with the board, Chuck and the management team - and alongside farmers and customers - to help propel this company into its next phase,” Johnson said.
