Quali-Pro Parent Company MANA Acquires Bold Formulators

RALEIGH, NC – Quali-Pro – a product brand of MANA, a Makhteshim-Agan (MAI) group company – has acquired Bold Formulators, a leading custom formulator, manufacturer and packager of plant protection chemical products, with facilities in Tifton and Ocilla, Georgia. Financial details of the transaction were not disclosed.

"The acquisition of Bold Formulators has significant strategic importance for MANA because it provides extensive
formulation and production capability within the United States. This improves MANA's flexibility and response time in meeting the changing needs of our customers," said John C. Rabby, President and CEO of MANA, headquartered in Raleigh. Rabby said MANA plans to retain the staff, assets and status of Bold as an independent contract formulator, along with the company's name. Jim Workman will continue as President of Bold.

Workman said, "This is an expected and very positive event for Bold because MANA will now be able to help Bold move forward with additional investment in new equipment, technologies, and capacity. "Current contracts Bold has with other agrichemical companies to formulate and produce their products will be maintained, along with their independent and confidential nature, similar to the long-standing arrangements MAI has with agrichemical customers elsewhere in the world."

Bold is a leader in the specialization of liquid and dry agrichemical formulations, providing all phases of product
development and manufacturing: packaging, formulation, quality assurance and shipping. The company has more
than 200,000 square feet of production and warehouse facilities that can operate 24/7 and manufacture flowable, dry flowable, wettable powder, and emulsifiable concentrate products. The Tifton and Ocilla plants provide several
options for batch size, milling, packaging and bulk storage.

Quali-Pro offers a full-service selection of fungicides, herbicides, insecticides and plant growth regulators with proven performance in commercial ornamental and turf markets, all backed by the strength of Makhteshim-Agan Industries, the world’s leading manufacturer and distributor of post-patent agrochemicals.