Syngenta acquire DuPont’s insecticide business $125 million

Syngenta to acquire DuPont’s insecticide business for $125 million

7:23 AM, 29th August 2012
Syngenta to acquire DuPont’s insecticide business for $125 million

BASEL, SWITZERLAND: Syngenta AG plans to buy DuPont’s professional products insecticide business for $125 million in cash to expand the Swiss company’s range of pest-control products. Syngenta will gain control of DuPont’s pest-control brands Advion, Acelepryn and other intellectual property. The purchase will expand Syngenta’s product range to golf course and lawn care professionals and to ornamental growers.

“This acquisition will contribute to our objective of increasing profitability in the lawn and garden business. The products we are acquiring have an excellent environmental profile while providing superior control of insects in a wide variety of applications,” said Robert Berendes, Head of Business Development, Syngenta.

© Reuters News

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