EcoScience and Agro Power Development Merger Finalized.

Business Wire | October 1, 1998 | Copyright

EAST BRUNSWICK, N.J.--(BUSINESS WIRE)--Oct. 1, 1998--EcoScience Corporation (Nasdaq: ECSC) announced today that its merger with Agro Power Development, Inc. ("APD") became effective on September 30, 1998. The combined company is the largest vertically integrated producer of premium fresh produce grown in environmentally controlled, intensive agriculture production facilities in North America, and markets its produce under its Village Farms(R) brand name throughout the United States.

As a condition of the merger, shareholders approved a one-for-five reverse stock split, which ...

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