DENVER, CO (June 29, 2021) Gulftech Inter­na­tion­al™ and Ver­dant Tech­nolo­gies™ announce the con­sum­ma­tion of Gulftech’s acqui­si­tion of Ver­dant. The antic­i­pat­ed trans­ac­tion was report­ed ear­li­er this month and closed on Fri­day, June 25. Ver­dant is in the ear­ly phase of its com­mer­cial launch into the ag tech indus­try ser­vic­ing food and flo­ra sec­tors with break­through inno­va­tion in prod­uct life exten­sion tech­nol­o­gy.

Gulftech CEO, Steven Fer­rell com­ment­ed, “At Gulftech, we are proud­ly pow­er­ing the poten­tial for our expand­ing fam­i­ly of com­pa­nies, our cus­tomers, and the indus­try we serve. The acqui­si­tion of Ver­dant Tech­nolo­gies is a great exam­ple of how we do this; by invest­ing in new ag tech­nolo­gies that reduce waste and pro­tect fresh­ness.” Express­ing Gulftech’s guid­ing prin­ci­ples, Fer­rell added, “We have a respon­si­bil­i­ty to build a more resilient, sus­tain­able food sys­tem, one that pos­i­tive­ly and mean­ing­ful­ly impacts our plan­et. We look for­ward to our stew­ard­ship of impact­ful solu­tions and are com­mit­ted to the jour­ney.”

Verdant’s prod­ucts are designed to tar­get issues expe­ri­enced through­out per­ish­able sup­ply chains. “We help solve grow­er, dis­trib­u­tor and retail­er chal­lenges like sup­ply chain inflex­i­bil­i­ties and shrink, but we also help solve issues with the sup­ply chain itself,” said Gor­don Robert­son, CEO Ver­dant Tech­nolo­gies.  “Our proven tech­nol­o­gy and unique deliv­ery method makes a prod­uct more robust, and robust­ness helps reduce wastage, lessen car­bon foot­print, and expand mar­kets. We want to nour­ish the world and cre­ate more sus­tain­able sup­ply chains, and with Gufltech’s sup­port, we are primed to make a sub­stan­tial impact across the globe.” 

Gulftech’s fam­i­ly of com­pa­nies touch 90% of the world’s fresh pro­duce, juices, nuts and tuna prod­ucts and their foot­print extends across 85 coun­tries. The company’s exist­ing infra­struc­ture and broad reach offer a means for Verdant’s prod­ucts to ben­e­fit a vari­ety of cus­tomers around the world, and their finan­cial back­ing will rapid­ly accel­er­ate growth for the com­pa­ny. Ver­dant is cur­rent­ly in the process of scal­ing up oper­a­tions in Mex­i­co and build­ing their US-based team, espe­cial­ly in sales and prod­uct man­age­ment func­tions.

“Join­ing the illus­tri­ous group of com­pa­nies led by Gulftech is a real boon to Ver­dant,” said Robert­son, “and Ver­dant is ful­ly ready for a strong sup­port­ing com­pa­ny to pro­vide the fund­ing and oper­at­ing plat­forms to accel­er­ate our oppor­tu­ni­ties and con­tin­u­ous inno­va­tion. Our com­mon­al­i­ty of cus­tomers with the sis­ter com­pa­nies under the Gulftech’s umbrel­la will cre­ate syn­er­gies for all and enable Ver­dant to burst into the glob­al mar­kets on a grand scale.”

Terms of the agree­ment were not released.

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About Gulftech Inter­na­tion­al

Gulftech is a diver­si­fied hold­ing com­pa­ny with a core com­pe­tence in devel­op­ing and oper­at­ing glob­al man­u­fac­tur­ers of indus­tri­al equip­ment and com­po­nents. We are own­ers, oper­a­tors and stew­ards to a fam­i­ly of com­pa­nies serv­ing the world’s most impor­tant food pro­duc­tion and pro­cess­ing com­pa­nies.  Our mis­sion is to acquire and nur­ture com­pa­nies, invest­ing in sus­tain­able growth and long-term suc­cess. Our focus is on mid­dle mar­ket, long-term acqui­si­tion oppor­tu­ni­ties in man­u­fac­tur­ing, pack­ag­ing, dis­tri­b­u­tion and indus­tri­al after­mar­ket parts and ser­vice.  Gulftech has cor­po­rate offices in Den­ver, CO.  For more infor­ma­tion, vis­it www.gulftech.com.

About Ver­dant Tech­nolo­gies™

Ver­dant Tech­nolo­gies™ is an emerg­ing leader to the ag tech indus­try, offer­ing Har­vestHold™ prod­uct life exten­sion tech­nol­o­gy for flo­ral and pro­duce prod­ucts. Ver­dant Tech­nolo­gies and its part­ners work hand-in-hand to reduce neg­a­tive envi­ron­men­tal impacts while deliv­er­ing fresh­er, more nutri­tious pro­duce and enhanced flo­rals to more peo­ple in more places. Ver­dant Tech­nolo­gies has cor­po­rate offices in St. Paul, Minn. For more infor­ma­tion, vis­it www.verdant-tech.com

Har­vestHold™ by Ver­dant Tech­nolo­gies, the sheet form of Verdant’s 1‑MCP solu­tions, will be first of the company’s patent­ed prod­ucts avail­able in the glob­al mar­ket­place. As flo­ral and pro­duce prod­ucts are har­vest­ed, grow­ers and pack­ers sim­ply insert a sheet of Har­vestHold into pack­ag­ing from which 1‑MCP is released using only a plant’s nat­ur­al chem­istry. Find out more at www.harvesthold.com.