Precision enters fertilizer agreement

Precision Laboratories, Inc. announces it has entered into a license agreement with Aglukon Spezialduenger of Duesseldorf, Germany, a leader in the specialty fertilizer market.

Under the terms of the agreement, Precision Laboratories has acquired rights to certain processes, formulations and products from Aglukon.

The alliance will result in Aglukon's extensive and unique technology and know-how to be introduced to the United States foliar fertilizer market. Precision will be establishing a manufacturing facility for the technology that will come on-stream in 2009. The agreement also provides Precision with the complete use of Aglukon's extensive data and research for the benefit of American growers and turfgrass professionals.

“We are pleased to be associated with the expertise and solid market presence of a world-leading firm such as Aglukon. Leveraging our two company's strengths, we expect to earn a significant portion of the market given the superior technology, experience and market presence of our businesses,” says Precision's President, Richard Wohlner. “Aglukon's leadership in the specialty fertilizer market will give us the opportunity to provide both the turf and agricultural industries advanced products in the near future.”

Terry Culp, vice-president of Precision's newly expanded Seed Enhancement and Nutrients Business Unit, will lead and manage the company's initiatives in the agricultural, turfgrass and ornamental horticulture markets. “This is the perfect compliment to ensure future growth. Precision will capably position the knowledge and leadership that Aglukon has earned worldwide in the U.S. specialty foliar fertilizer market,” says Culp.

For more information on the company's products and its value-added dealers and distributors, call 800-323-6280 or visit http://www.precisionlab.com/.

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