UK Plant Health business shortlisted in international challenge

Nottinghamshire based Micromix Plant Health, has been shortlisted in an international Private Equity Investment Challenge (PEIC). The PEIC 2012 challenge, organised by American based Westingdale Limited, offers businesses the chance to secure up to $1.0 million investment to fund a business project.

Micromix, which has a turnover of around £3 million and employs 26 people, develops and manufactures a bespoke range of trace element fertilisers, biostimulants and specialty foliar products for agriculture, horticulture, sports turf and the hydroponic markets. Although many of Micromix’s products are designed for the UK market, 55% of its products are exported to 18 countries throughout Europe, North Africa, the Middle and Far East. “We have some areas of the business and new technologies which we need investment to develop so that we can take the business to a new level,” said Mr Wilson Boardman, Micromix’s Managing Director. “To achieve our objective requires significant investment. If we won this challenge it would enable us to develop these exciting new products which can enhance food production and food quality both here in the UK and overseas.”

This year’s challenge received over 300 submissions from a wide range of start-up and growth-oriented companies in 16 different countries. “As a small business operation based in rural Nottinghamshire, we are delighted to be one of the top ten finalists,” said Mr Boardman. “It is quite an achievement to be the only UK based finalist alongside companies from the US, Canada and the Far East.”

Westingdale will be announcing this year’s challenge winner on Friday 22 June 2012.