DuPont Divests Terbacil Herbicide from Crop Protection Business
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Tessenderlo Kerley Inc. (TKI) to Acquire Sinbar® and Zobar® Herbicides
WILMINGTON, Del., Dec. 5 -- DuPont today announced it has sold its terbacil herbicide assets to Tessenderlo Kerley, Inc. (TKI). Financial terms of the agreement were not disclosed.
"As DuPont Crop Protection continues its strategy to bring greater focus to our business, divestures of select, niche products, such as terbacil, will enable us to dedicate more time and resources to the exciting new products in our pipeline," said James C. Collins, vice president and general manager, DuPont Crop Protection. "As a result, we will bring new innovations to market faster."
Terbacil is marketed globally through the Sinbar® trademark. In Japan, terbacil also is sold in a mixture with diuron through the Zobar® trademark. TKI will acquire the rights to the Sinbar® and Zobar® trade names, a license to the technology required to make terbacil, and the worldwide registrations and data packages for the products. Sinbar® and Zobar® herbicides are used primarily in niche mint, fruit, alfalfa and non-crop markets, predominantly in North America and Japan.
DuPont (NYSE:DD) 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.
First Call Analyst: Carl Lukach
FCMN Contact: marie.l.beletti-2@usa.dupont.com
Source: DuPont
CONTACT:
Doyle Karr of DuPont
+1-515-270-3428
doyle.karr-1@usa.dupont.com
Web site: http://www.dupont.com/
