Wheatsheaf Group acquires Ostara
FOR IMMEDIATE RELEASE
Wheatsheaf Group acquires Ostara to further develop and scale up the business for long-term social and environmental benefits
VANCOUVER, BC and RIVERVIEW, FL – July 7, 2020 – Ostara Nutrient Recovery Technologies Inc. (“Ostara” or the “Company”) announced today that it has been acquired in an all-cash transaction by Wheatsheaf Group Limited (“Wheatsheaf”), the food and agriculture investment arm of the UK-based Grosvenor Estate.
Wheatsheaf Group invests in food and agriculture businesses internationally and uses capital and expertise with a far-sighted perspective to deliver lasting commercial, social and environmental benefits – its acquisition of Ostara supports these objectives and provides financial and expert resources to develop and scale up the business to establish its long-term success.
The acquisition will:
• Support Ostara’s growing international operations through a program of strategic investment.
• Provide expanded access to global partners to further accelerate the sales growth of Ostara’s Pearl® nutrient recovery facilities and its Crystal Green® continuous-release, root-activated fertilizers.
• Assist in the development and implementation opportunities for Ostara’s proprietary water treatment solutions on an increased scale.
• Provide access to experienced, skilled advisors and employees within Wheatsheaf and its portfolio companies to promote the continued development of proprietary technologies offering social and environmental benefits.
“We have a long-standing relationship with Wheatsheaf and are excited about the opportunity to join their organization”, said Dan Parmar, President and CEO of Ostara. “There is an excellent fit between our corporate visions and our cultures. Ostara’s vision of cleaning water to grow more food strongly aligns with Wheatsheaf’s vision to support regenerative agriculture to promote tangible social and environmental benefits. Through this acquisition, Ostara will have direct access to additional resources that will help accelerate its growth in North America and internationally.”
Monty Bayer, Executive Director of Wheatsheaf Group, said: “Ostara is a business of outstanding potential which is naturally positioned to offer solutions with significant end-user and environmental benefits in both the water management and crop nutrition environments. We are looking forward to working closely with the management team to further develop and scale up the business’ commercial success and realize the positive impact of its activities.”
About Ostara: Ostara reimagines resources, helping communities around the world clean water to grow more food. The Company’s Pearl® technology recovers phosphorus and nitrogen from industrial, agricultural, and municipal water streams, and transforms these nutrients into its premium, sustainable Crystal Green® fertilizers which are sold into the agriculture and turf sectors through a network of established distributors in North America and Europe. Crystal Green® is the first continuous-release phosphorus fertilizer to release nutrients in response to plant demand; these Root-Activated™ granules are proven to increase yields, enhance soil health and significantly reduce phosphorus tie-up and runoff, thereby improving food security while protecting local waterways from nutrient pollution. To learn more about how Ostara is closing the loop on phosphorus, visit ostara.com | crystalgreen.com.
The Wheatsheaf Group invests in food and agriculture businesses using capital and expertise with a far-sighted perspective to deliver lasting commercial, social and environmental benefits. With one of the largest and longest established investment teams in the sector, Wheatsheaf partners with its portfolio companies to create efficiencies in the production and distribution of food; developing innovative business models and technologies to deliver affordable, nutritious and safe food that sustains both human health and the health of the planet. Working to deploy such business models and technologies commercially at scale, Wheatsheaf works to deliver enduring solutions to address one of modern society’s most pressing challenges – supplying healthy, nutritious food to meet the demands of a changing global population. Wheatsheaf Group is part of the Grosvenor Estate.