Wilmington, Delaware
November 6, 2003
DuPont today announced that
it has acquired Griffin Corporation's interest in
Griffin LLC, thereby
becoming the sole owner. Financial terms were not disclosed.
This
purchase will enable DuPont Crop Protection to provide its
customers with a broader product portfolio in key segments,
including cotton, fruit, vegetable, and professional products.
Griffin LLC's product line will complement the existing crop
protection business. Griffin LLC has five manufacturing sites in
North and South America. Griffin LLC was formed in 1998.
"Purchasing Griffin Corporation's equity interest in Griffin LLC
will provide opportunities for profitable top line growth," said
James C. Borel, president, DuPont Crop Protection. "This action
is consistent with our objective to grow our specialty markets
business globally, and these additions to our portfolio will
help us serve customers better."
DuPont is a science company. Founded in 1802, DuPont puts
science to work by solving problems and creating solutions that
make people's lives better, safer, and easier. Operating in more
than 70 countries, the company offers a wide range of products
and services to markets including agriculture, nutrition,
electronics, communications, safety and protection, home and
construction, transportation, and apparel. |