DuPont to Divest Fluometuron Assets
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MANA Acquires DuPont(TM) Cotoran® Herbicide
WILMINGTON, Del., and RALEIGH, N.C., Sept. 5 - DuPont (NYSE:DD) and Makhteshim Agan of North America, Inc. (MANA) today announced that they have reached an agreement for MANA to acquire DuPont(TM) Cotoran® herbicide, a popular herbicide used in cotton across the South, the Southeast and Texas. Terms of the agreement were not disclosed.
Cotoran®, with the active ingredient fluometuron, offers premier control of pre- and post-emergence broadleaf weeds and annual grasses. Cotoran® 4L will remain available from MANA in the 4-pound liquid formulation, providing a low-cost, effective solution to glyphosate resistance and the same foundational weed control growers have grown accustomed to.
"MANA offers one of the most comprehensive and diversified portfolios in the crop protection industry and Cotoran® will be a great addition," MANA Senior Marketing Manager for herbicides David Downing, said. "We focus on providing North American growers with what they want and what they need to be successful in today's global market. Cotoran® has been an important product for cotton growers across the country for many years, and will become even more significant as glyphosate resistance becomes more of a national issue."
"This represents another step in the DuPont Crop Protection strategy to bring greater focus to our business," James C. Collins, vice president and general manager -- DuPont Crop Protection, said. "Divesting select assets such as these allows us to focus our resources on the exciting new products in our pipeline -- such as DuPont(TM) Altacor(TM), Coragen(TM) and Prevathon(TM) insecticides, based on our innovative Rynaxypyr(TM) chemistry."
MANA has been the sole supplier of the active ingredient fluometuron to DuPont since 1999. As part of the Cotoran® acquisition, MANA receives all registrations, regulatory data, trademark rights and existing inventories of the herbicide. MANA also becomes the primary distributor for fluometuron formulations in the United States.
For more information about Cotoran® or other MANA crop protection products, contact a local ag retailer or visit www.manainc.com/. Always read and follow label directions when using any agrichemical product.
Makhteshim Agan of North America, Inc., (MANA), based in Raleigh, N.C., offers the broadest post-patent portfolio in the crop protection industry with nearly 50 branded insecticides, fungicides, herbicides, plant growth regulators and harvest aids from over 40 active ingredients. Supported by a solid heritage, global manufacturing expertise, best-in-class formulations, regulatory capabilities, extensive field research and an experienced sales and marketing team, the MANA portfolio of products continues to expand.
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.
Source: DuPont
CONTACT: Doyle Karr of DuPont, +1-515-270-3428, doyle.karr@pioneer.com;
or Dave Downing of Makhteshim Agan of North America Inc., +1-919-256-9310, ddowning@manainc.com
Web site: http://www.dupont.com/
http://www.manainc.com/
