US agribusiness private equity firm Paine & Partners has acquired a majority stake in AgBiTech, an Australian biological pest control company.
AgBiTech is an Australian company that puts the grower first. They develop innovative, high quality products that help make farming more profitable and sustainable. Their products harness biological control mechanisms, such as baculoviruses, to allow growers to target insect pests selectively. They combine cutting-edge science and technology with farming ‘know-how’ to deliver reliable, practical, easy-to-use and cost-effective pest management solutions. Their products are also environmentally safe and benign to both humans and animals.