16 September 2014

DAVID SELAKOVIC EXPANDS VEGALAB’S GLOBAL POSITIONING THROUGH ECOWIN ACQUISITION

GENEVA, SWITZERLAND – Vegalab, a formulator and manufacturer of environmentally responsible agricultural products rooted in sustainability, announced this week that it is expanding its global positioning by acquiring a major shareholding stake in Ecowin Co Ltd, an award-winning developer and manufacturer of all-natural agricultural products based in Korea. Ecowin and all of its manufacturing facilities will be rebranded as Vegalab’s Global Innovation Center. This acquisition creates one of the industry’s leading all natural and biotechnology companies. Ecowin joins the Vegalab family with an already established history of working together successfully. In the past, the two companies already have collaborated on R&D projects that strengthened their shared vision of creating products that are healthy alternatives to synthetic agriculture products.

Ecowin’s advanced team of engineers and their reputation for leading the way in greener initiatives won them the National Green Technology Award from the Korean Prime Minister for being one of the nation’s top green technology institutions. Their dedication to change the agricultural landscape from chemical pesticides to eco-friendly bio-pesticides makes them a perfect fit for Vegalab. “As the damaging effects of synthetic products continues to surface and industry regulators enforce higher standards, commercial agricultural and consumers are beginning to look for new healthier alternatives,” said David Selakovic, President of Vegalab S.A. “With our technology-driven R&D resources combined with our expanded manufacturing facility, we are positioned for rapid growth. Together, we are able to innovate faster and blaze the trail in organic agriculture products.”

In exchange for transferring Ecowin’s intellectual property and trade secrets, Vegalab has committed to build a new state-of-the-art R&D and manufacturing facility that will be completed in Spring of 2015. The Global Innovation Center will enable a more streamlined operation with higher output and lower costs and will be on the forefront of enhancing Vegalab’s proprietary micronization and amplification processes. Logistically, this new facility will also support the ability to expedite shipments around the world. Much like David Selakovic’s expert lab team in Geneva, Switzerland, the newly expanded R&D team of Vegalab Korea aims at attracting top notch scientists and agronomists that will work together to source world-class materials and ingredients that will be used to create the finest and highest performing all natural agriculture products.

Vegalab is a global leader in formulating and manufacturing environmentally responsible agricultural products rooted in sustainability. Vegalab S.A. corporate headquarters are in Geneva, Switzerland, while the North American headquarters are in West Palm Beach, Florida. The Swiss headquarters are managed by David Selakovic.