Anuvia Plant Nutrients ceased operations, effective 15 May 2023, according to a statement on the company’s website.
The company, which has been in business for 8 years, has taken the decision to suspend operations and liquidate assets, according to a note from the company’s Chief Commercial Officer Hugh MacGillivray.
“The company has terminated all its employees other than a select few to wind down the operation,” said MacGillivray in a LinkedIn post.
Anuvia Plant Nutrients was a fertilizer company manufacturing its proprietary SymTRX fertilizer products (14-24-0-10S / 17-1-0-20S), including technology that enhanced nutrient efficiency, as well as incorporating biomaterial.
In 2019, Anuvia Plant Nutrients entered into a long-term strategic relationship with The Mosaic Company. Under the agreement, Anuvia would utilize a portion of Mosaic’s shuttered Plant City, Fla., phosphate production facility and repurpose existing infrastructure to increase its production capacity to up to 1.2 million tons. At the time, Anuvia’s facility in nearby Zellwood, Fla., produced 80,000 tons annually.
In October 2021, Novozymes and Anuvia Plant Nutrients partnered on biobased nutrients. The aim of the partnership was to combine Novozymes’ phosphate solubilizing microbial solutions with Anuvia’s biobased fertilizer products to enhance macro-nutrient efficiency.
Anuvia had been successful in raising capital, over $307 million, with a Series D raise of $65.5 million being the most recent in April of 2022, co-led by Riverstone Holdings LLC and Piva Capital.
For more on the latest news on specialty fertilizer and biological inputs from New AG International, see our March/April 2023 issue, here. It's free to view.