Gulftech International completed the acquisition of Verdant Technologies.

Gulftech International, a diversified holding company with a core competence in developing and operating global manufacturers of industrial equipment and components, completed the acquisition of Verdant Technologies, a biotechnology company in the ag tech industry. Financial terms were not disclosed. "At Gulftech, we are proudly powering the potential for our expanding family of companies, our customers, and the industry we serve. The acquisition of Verdant Technologies is a great example of how we do this; by investing in new ag technologies that reduce waste and protect freshness," Steven Ferrell, Gulftech CEO.