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Chemical Week Magazine :: Business & Finance :: United States/Americas

Biopesticide firm Marrone Bio files for $60-million IPO

7:50 AM MDT | July 12, 2013 | —Rebecca Coons

Biopesticide firm Marrone Bio (Davis, CA) has filed for an initial public offering, seeking to raise up $60 million. Additional terms have not been disclosed. Founded in 2006, the company develops biobased products that “promote plant health and manage weeds, pests, and plant diseases in a broad range of fruit, vegetable, grain, and nut crops, as well as for turf and ornamentals,” according to Marrone’s Web site. The company has received EPA approval for three products, including the biofungicide Regalia and broad-spectrum bioinsecticide Grandevo. A portion...

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