Converted Organics strikes deal with Simplot Partners
Converted Organics Inc. (NASDAQ:COIN) has formed a strategic relationship with Simplot Partners to distribute the company's all-natural liquid and granular fertilizers and liquid soil amendment product to the professional turf market throughout the western United States. Simplot Partners is a major distributor of proprietary fertilizers and turf maintenance products. "The professional turf market represents an enormous opportunity for Converted Organics, and the network of golf courses serviced by Simplot Partners is extensive," said Edward J. Gildea, president of Converted Organics. "Our relationship with Simplot Partners provides Converted Organics with the opportunity to sell our line of organic turf fertilizer and soil amendment products to a large customer base of approximately 2,500 golf courses through a well-established distributor known for providing high-quality products." "What sets Simplot Partners apart from our competition is not only the expertise of our sales representatives and technical agronomists, who provide a wide range of services to golf course superintendents and others, but also the superior quality of the products we offer our customers," said John Maggiore, General Manager of Simplot Partners. "Converted Organics' line of organic fertilizer for the professional turf market is a welcomed addition to our product line, and we are confident that the Converted Organics' products will be very well-received by our customers." Converted Organics, based in Boston, also supplies its organic fertilizer and soil amendment products to Simplot Grower Solutions, the agricultural division of J. R. Simplot Company, a privately held food andagribusiness corporation based in Boise, Idaho. Simplot Partners is a full-service distributor of proprietary plant nutrients, pest management, and turf maintenance products to the golf, lawn care and horticulture marketplace, operating from nine locations in the western United States. Simplot Partners is a distribution channel of the J.R. Simplot Company. The J.R. Simplot Company is a privately held agribusiness firm with headquarters in Boise, Idaho. Principle operations include fertilizer manufacturing and distribution, farm service centers, food processing, farming, ranching and livestock production. The company's major operations are in the United States, Canada, Mexico, Australia, and China. Simplot has over 10,000 employees worldwide and had revenues last year of $4 billion. Converted Organics produces all-natural, organic soil amendment or fertilizer products through food waste recycling. Converted Organics plans to sell and distribute its fertilizer products in the retail, turf management, and agribusiness markets.
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