EcoScience announced Thursday that it has acquired AgroDynamics Corp. of New Brunswick, N.J., for $2.1 million.

The transaction involved a combination of cash and EcoSciencestock, and under the terms of the deal, additional paymentswill be made to Agro for reaching certain milestones.

"Agro has had a long-term interest in biologicals, which is ourmain line of product," said Jeanie Faulkner, EcoScience's chieffinancial officer. She added that EcoScience had long planned tomove into the horticulture business.

From an R&D standpoint, Faulkner told BioWorld, of mostinterest to EcoScience (NASDAQ:ECSC) of Worcester, Mass., isAgro's rockwool growing media, a natural mineral product spunfrom melted rock that promotes more rapid plantestablishment, improved root distribution and superior plantpropagation.

"We're looking at rockwool as a delivery vehicle for biologicialfungicide," said Faulkner.

Since EcoScience doesn't have any income-earning products, theacquisition will give the company a wholly owned, profitableentity to add to their revenue base, as well as an establishedsales and marketing team to launch its first biological pesticide,the Bio-Path Cockroach Control Chamber, awaiting approvalfrom the Environmental Protection Agency, "said MartinVogelbaum, spokesman for the

-- Michelle Slade Associate Editor

(c) 1997 American Health Consultants. All rights reserved.

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