Wilmington, Delaware
June 29, 2009
Yesterday,
DuPont announced it sold its
linuron herbicide assets to Tessenderlo Kerley, Inc. (TKI).
Financial terms of the agreement were not disclosed.
“As part of our strategy to continually renew and revitalize our
crop protection portfolio, DuPont uses select, strategic
divestitures of niche products like linuron to allow us to put
more focus, time and resources into our emerging pipeline of new
crop protection chemistry,” said Jim Collins, vice president and
general manager -- DuPont Crop Protection. “This enables us to
increase the momentum and focus of our business as we continue
to develop new answers to growers’ needs and advance
agriculture.”
Linuron herbicide is marketed globally under the DuPont™ Lorox®
and Linex® brands, as well as several associated mixture
trademarks. This specialty herbicide is used primarily in the
carrot, asparagus, celery, potato, cotton and soybean markets.
TKI will acquire global rights to the linuron business,
including trade names, registrations and registration data. |
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