DuPont Divests Linuron Herbicide Assets
TKI to Acquire Specialty Herbicide from DuPont Crop Protection Business.
Wilmington, DE (Vocus) June 30, 2009
DuPont today announced it has 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 James C. 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.
DuPont is a science-based products and services company. Founded in 1802, DuPont puts science to work by creating sustainable solutions essential to a better, safer, healthier life for people everywhere. Operating in more than 70 countries, DuPont offers a wide range of innovative products and services for markets including agriculture and food; building and construction; communications; and transportation.
The DuPont Oval Logo, DuPont™, and The miracles of science™ , Lorox® and Linex® are registered trademarks or trademarks of DuPont or its affiliates. Lorox® and Linex® are being transferred to TKI.
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