Company Focuses on Core Agriculture and Aquaculture Markets
CINCINNATI — December 9, 2024—BiOWiSH Technologies, Inc. (“BiOWiSH) is pleased to announce that it has entered into a binding agreement with Betco Corporation (“Betco”) through its wholly owned subsidiary EnviroZyme® for the sale of BiOWiSH’s intellectual property products and client list, related to environmental management. This portfolio, which serves industries including hydrocarbon remediation, odor control, waste management, surface and wastewater treatment industries will strengthen Betco’s position in the bioaugmentation sector.
Headquartered in Cincinnati, Ohio, BiOWiSH is an innovative global biotechnology company known for its development of advanced solutions for agriculture, aquaculture, and environmental management. While its technology has had broad applications across multiple sectors, the company has decided to focus on high-growth opportunities in agriculture and aquaculture.
“The sale of our environmental management portfolio marks a significant milestone in our strategic shift toward agriculture, where we are leading the transition from commodity fertilizers to biologically enhanced efficiency fertilizers,” said Rod Vautier, President of BiOWiSH. “This move demonstrates our commitment to tackling the global food crisis through sustainable practices that improve both economics and productivity in agriculture and aquaculture, while preserving the integrity of our ecosystems.”
The acquisition, pending customary closing conditions and adjustments, marks Betco’s third in the bioaugmentation space, reinforcing its position as a global leader in water resource recovery and environmental management solutions. Betco’s subsidiary, EnviroZyme, specializes in custom fermentation, formulation, blending, and packaging for complex bioaugmentation challenges. With the combined entity’s expanded geographical reach and product range, EnviroZyme is poised to quickly capture greater market share in the rapidly growing environmental and water treatment sectors.
“BiOWiSH’s robust portfolio of environmental management customers perfectly aligns with our existing business,” said Toby Jercovich, Chief Financial Officer of Betco Corporation. “This strategic move will drive growth for decades to come, and we look forward to building upon the success that BiOWiSH and its customers have already established.”
The purchase will be fully funded at the targeted close date during the fourth quarter of 2024, ensuring BiOWiSH is well positioned to further enhance its capabilities and presence in crucial markets.
About BiOWiSH Technologies
Headquartered in Cincinnati, Ohio, BiOWiSH Technologies, Inc. is a global provider of biotechnology solutions for the agriculture, aquaculture, and environmental management industries. As a leader in the application of microbial technologies in the agricultural market, we partner with the world’s top fertilizer manufacturers to help farmers increase crop production sustainably, safely and cost effectively. Our revolutionary BiOWiSH® Crop Liquid can be coated onto dry fertilizer or mixed with liquid fertilizer to create an enhanced efficiency fertilizer that optimizes yield potential by improved nutrient uptake and improves soil conditions for increased plant vigor. This helps farmers achieve consistent results across a broad range of operating conditions, climates and environments. By unifying nature and science, BiOWiSH reinvents the way food is grown. For more information, visit www.biowishtech.com.
About EnviroZyme
A global leader in the development of biological technologies, EnviroZyme’s capabilities in contract fermentation and diverse microbial solutions help produce clean air, water, soil and energy while directly reflecting our commitment to quality, economic growth, and long-term environmental sustainability. For more information about EnviroZyme’s products and services, please call customer service at 1-800-232-2847 or visit www.envirozyme.com. Follow us on LinkedIn, Facebook, and Twitter!
About Betco
Betco is a privately held specialty chemical and equipment manufacturer known for high-performing products and programs that help our customers WIN in the commercial cleaning industry. For more information about Betco’s products and services, please call customer service at (888) GO-BETCO or visit www.betco.com. Follow us on LinkedIn, Facebook, and Twitter!