Wednesday, August 29, 2012

Syngenta to acquire DuPont Professional Products' insecticide biz

Syngenta announced Wednesday it will acquire DuPont Professional Products’ insecticide business for $125 million. The acquisition, still subject to regulatory approval, is expected to close in the fourth quarter of 2012. It includes many of DuPont’s registered trademark brands, including Advion, Arilon, Acelepryn and Altriset.

Syngenta says the acquisition will further strengthen its Lawn and Garden division and broaden its portfolio of brands in professional pest management. The insecticide business really represents the next step in scaling the turf and landscape business,” says Scott Reasons, head, Syngenta Turf and Landscape North America.

“These insecticides that will come to Syngenta at the closing will really help our portfolio,” he continued. “They really give us the opportunity to grow in the lawn and garden space.” Reasons added that Syngenta is excited “about what we can do with these products and active ingredients in the future.”

Tim Kroenke, head, Syngenta Lawn and Garden North America, reiterated that sentiment. “This acquisition will help Syngenta gain leadership in the professional pest management market and increase our presence in turf,” he said in a statement.

The acquisition, if approved, would enable Syngenta to pursue opportunities in the ornamental horticulture and consumer markets.

1 comment:

aansystone said...

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