Profile: AgroFresh Solutions Inc (AGFS.OQ)
AgroFresh Solutions, Inc., formerly Boulevard Acquisition Corp., incorporated on October 24, 2013, is a developer of agricultural technologies that preserve the freshness and value of fresh produce, including apples, pears, kiwifruit, avocados and bananas, as well as flowers. The Company's principal product, The SmartFresh Quality System (SmartFresh), regulates the post-harvest ripening effects of ethylene, the naturally occurring plant hormone that triggers ripening in certain fruits and vegetables, through technology. SmartFresh is naturally biodegradable and leaves no detectable residue, which has significant consumer appeal. SmartFresh allows growers and packers to deliver just harvested freshness on a year-round basis. An integral part of the SmartFresh sales process is the AgroFresh Whole Product offering, which is a direct service model that provides customers with on-site applications of SmartFresh at their storage facilities combined with advisory services.
The Company developed and launched Harvista technology (Harvista) to apply its technology to pre-harvest management of pome fruit, such as apples and pears. The Company's near-term product pipeline also includes AdvanStore technology (AdvanStore), which provides advanced monitoring of fresh fruit while in storage, and the RipeLock Quality System (RipeLock), a technology that extends the shelf life of bananas. The Company offers Harvista technology through a pre-scheduled application service, including aerial and/or ground applications.
The Company's AdvanStore platform is being designed to extend the AgroFresh Whole Product offering into monitoring the condition of produce during storage. 1-Methylcyclopropene (1-MCP) is the active ingredient in SmartFresh and Harvista. 1-MCP is an ethylene action inhibitor that maintains freshness and extends the shelf life of certain fresh produce. The Company operates in approximately 40 countries.
The Company competes with Harvest Watch, Janssen Pharmaceutical, Pace International, AgroBest and Fitomag.
AgroFresh Solutions Inc
100 S Independence Mall W
PHILADELPHIA PA 19106-2320