Norofert, a frontrunner in regenerative agriculture research and a key producer of agricultural inputs in Romania since its establishment in 2000 by the Popescu family, has announced the signing of a significant product distribution agreement. The agreement, forged with a distributor based in Watertown, South Dakota, marks Norofert’s inaugural step into the US market. Specifically, the contract encompasses the states of South Dakota, North Dakota, and Minnesota.
Vlad Popescu, President of the Board at Norofert, expressed the company’s commitment to bolstering its presence in the US market. He stated, “We are committed to continuing to strengthen our presence in the US market and have signed a first contract with an important local distributor. To focus our resources and efforts efficiently, we have decided to collaborate with a distributor from the Midwest region specialized in our product area.”
He further elaborated on the details of the agreement, highlighting Norofert’s pledge to supply demonstration batches for product promotion and extend technical expertise to stakeholders in the designated states.
Norofert embarked on its journey to access the US market in 2020, achieving notable milestones along the way. These include the homologation of a diverse product range, certified field testing, and the development of a product portfolio tailored to the American market’s growth potential.
Recently, Norofert unveiled plans to inaugurate a production line for agricultural inputs in one of the US’s key agricultural hubs, backed by an investment of EUR 250,000. The production line, set to commence construction in April, will prioritize the production of soil health and foliar nutrition products akin to those manufactured in Romania. Notably, the bacteria employed in the production process will be sourced from Norofert’s laboratory in Filipeștii de Pădure.
This venture, undertaken through Norofert AG in partnership with Gary Lamb, an esteemed entrepreneur boasting over three decades of experience in Midwest agribusiness, underscores Norofert’s dedication to expanding its production capacities in strategic areas. With a portfolio comprising 65 products catering to both conventional and organic farming practices, Norofert has positioned itself as a pivotal player in the agricultural landscape.
Listed on the Bucharest Stock Exchange’s AeRO market since 2020, Norofert has demonstrated remarkable growth in the capital market arena. Over the span of four years, the company has successfully raised significant capital through various means, including RON 14 million through capital increases and RON 11.5 million through a private placement of corporate bonds. Notably, Norofert’s corporate bonds are traded on the AeRO market under the symbol NRF25, symbolizing its enduring commitment to innovation and growth.