ZELLWOOD, Fla., Nov. 2, 2016 /PRNewswire/ -- Anuvia Plant Nutrients, the Florida-based plant nutrient company, announced today that it has secured an additional $23 million in equity capital from current investors. This new funding will allow Anuvia to further accelerate its growth opportunities; utilization of food waste, the development of a liquid product and expansion into international markets. The funding will also support project development for construction of a second plant which will further enable growth in the agricultural, professional turf and consumer lawn care markets.
Anuvia Plant Nutrients CEO Amy Yoder says, "We are pleased by the confidence our investors have shown in our growth plans. Their deep industry knowledge and partnership will help us execute our plan of continued expansion of the Anuvia brand, both domestically and globally."
Anuvia's products are based on an innovative technology in which organic waste materials are consumed and processed into a homogenous multi-nutrient enhanced efficiency fertilizer. Their sustainable products contribute to a healthier environment, improved soil health and plant growth.
The $23 million capital raise was led by TPG ART with participation by existing investors, including significant increases by Osceola Capital and Pontifax AgTech.
Anuvia Plant Nutrients opened its first state-of-the-art specialty fertilizer production facility in Zellwood, Fla. in April 2016. The plant is expected to produce 80,000 tons of product annually.
As the agriculture and turf sectors work hard to improve fertilizer efficiency and reduce its environmental impact, interest in Anuvia's technology and products will continue to grow. "This follow-up investment is just one more indicator that Anuvia is on the right track to provide a fertilizer solution that is needed in an environmentally responsible way," says Yoder.
About the Investors:
TPG Alternative & Renewable Technologies
TPG Alternative & Renewable Technologies ("TPG ART") www.tpgart.com is a standalone growth and late-stage venture vehicle of TPG, the global private investment firm, dedicated to developing and deploying alternative and renewable technologies across various sectors. The firm is a signatory to the Principles of Responsible Investing (PRI), as well as the Responsible Investment Guidelines by the Private Equity Council, the Guidelines for Disclosure and Transparency in Private Equity, and the European Private Equity and Venture Capital Association (EVCA) Code of Conduct. TPG has over $70 billion of assets under its management worldwide.
AIS JV is a joint venture formed to invest in Anuvia Plant Nutrients and is co-owned by Agro-Iron, Inc., a Florida based company with diverse interests in farming, production of iron micronutrients, real estate development and mining; and Shrieve Chemical Company, a Texas based global supplier and marketer of industrial specialty chemicals active in the fertilizer, pulp and paper, water treatment and manufacturing sectors.
Osceola Capital Management
Osceola Capital Management is a private equity firm based in Tampa, Fla., that invests in growth-oriented lower middle market companies. Founded by entrepreneurs and operating executives, the partnership seeks to utilize its operational and transaction experience in order to bring unique insight to each opportunity and help drive long term success. www.osceolacapitalmgmt.com
Pontifax AgTech www.pontifaxagtech.com is a pioneering growth capital investor in food and agriculture technology. Based in Los Angeles, Calif.,, the Fund invests globally in growing businesses that improve agricultural productivity, resource efficiency, nutrition and health, sustainability and the industry supply chain.
Florida Opportunity Fund
The Florida Opportunity Fund (FOF) was established in 2007 to increase the availability of venture capital in Florida. The FOF actively invests in Florida-focused venture capital funds, infrastructure projects, and emerging Florida-focused companies within industries of strategic importance to the State, including: Energy, Healthcare, Manufacturing, and Technology. For additional information regarding the FOF visit www.floridaopportunityfund.com
Evans Properties www.evansprop.com is a family-owned agricultural and land management company with properties in eight counties across Florida. Evans currently operates 6,000 acres of active citrus groves and 35,000 acres of ranches, forestry resources, reservoirs and research farming. It has more than a half century of experience in land management and environmental stewardship. As an industry leader, its approach is to take a long-term view and to identify and take advantage of opportunities that will ensure success in the future, and preserve its land's renewable resources.
Anuvia Plant Nutrients, headquartered in Zellwood, Fla., is a company focused on a new innovative and patented way of manufacturing an enhanced efficiency fertilizer (EEF) for the turf and agricultural industries. Anuvia addresses the three pillars of sustainability – social, environmental and economic – simultaneously by providing an avenue for organic materials to be used in a resource efficient and environmentally friendly manner that helps people, plants and the environment thrive.
Cutline: The Anuvia Plant Nutrients facility in Zellwood, Fla. started production in April. Their plant nutrient products are marketed to the turf and agricultural industries.
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SOURCE Anuvia Plant Nutrients