DuPont Crop Protection sell copper fungicide business Mitsui

DuPont to sell copper fungicide business to Mitsui

5:31 AM, 21st August 2014
DuPont Crop Protection sell copper fungicide business to Mitsui

WILMINGTON, US: DuPont Crop Protection announced an agreement with Mitsui & Co Ltd for the sale of DuPont’s global Kocide and ManKocide copper fungicide business assets to Mitsui. The sale is expected to close in the fourth quarter of 2014, subject to approvals from applicable regulatory authorities. Financial terms of the agreement were not disclosed.

Under the agreement, DuPont will continue to sell Kocide and ManKocide branded products within Asia Pacific exclusively for a period of up to five years under a supply and distribution agreement, and also will continue to supply DuPont’s current copper fungicide mixture partner needs globally.

“This agreement is another step in the execution of our DuPont Crop Protection business growth strategy. The agreement further enhances our focus on innovative new offerings that drive profitable growth both today and over the long term,” said Rik Miller, President, DuPont Crop Protection.

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