BASAL, SWITZERLAND / WILMINGTON, DEL. — Syngenta has agreed to acquire the DuPont Professional Products insecticide business, a leading supplier of products for the professional turf, ornamentals and structural pest management markets, for $125 million.
Syngenta will receive the rights to Advion, Acelepryn, Altriset, Calteryx, Provaunt and Arilon branded products and end-use registrations, and a license under DuPont’s patents and know-how for indoxacarb, chlorantraniliprole and cyantraniliprole related to their uses in the professional solutions market. DuPont will continue to manufacture indoxacarb, chlorantraniliprole, cyantraniliprole, as well as products containing these active ingredients, such as Coragen and Prevathon, in other markets.
“This acquisition will contribute to our objective of increasing profitability in the lawn and garden business through a focus on integrated solutions for our customers based on high value chemistry and genetics,” says Robert Berendes, Syngenta head of business development. “The products we are acquiring have an excellent environmental profile while providing superior control of insects in a wide variety of applications.”
At press time, it is unknown how many of DuPont Professional Products’ more than 30 employees will join Syngenta. DuPont will continue to handle any issues stemming from the recall of its Imprelis herbicide.
The transaction is expected to close in the fourth quarter of 2012.
“Innovations from our research and development pipeline are driving our Crop Protection business to an exciting, new position in agriculture,” says Rik L. Miller, president of DuPont Crop Protection. “Strategic divestitures like this one give us more resources to focus on what DuPont does best— delivering science-based solutions that help our customers feed a growing population.”
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