Converted Organics Inc. (COIN) Teams with Gro Group to Tap Into Organic Fertilizer Market
QualityStocks (August 26th, 2008) Writes:
Converted Organics Inc. (Nasdaq: COIN) uses state-of-the-art technologies to create organic soil amendments or fertilizer products through food waste recycling. The company’s products have been tested in numerous field trials and are expected to be distributed to the retail, turf management and agribusiness markets.
The company today announced it will team up with North American marketing group Gro Group Inc. as a manufacturing partner next year. Converted Organics will supply its organic granular fertilizer for lawn, turf, flower and garden use and distribute those products through seven of Gro Group’s major distributors, which service up to 15,000 lawn and garden retailers throughout the United States. Gro Group’s distributors service more than 90 percent of independent lawn and garden retailers in the United States and Canada.
For Converted Organics, this relationship will allow the company to benefit from ongoing strategic sales and marketing efforts and will help the company secure its
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