DuPont Crop Protection Divests Select Miticide & Fungicide Assets
DuPont today announced it has sold its fenbutatin-oxide miticide and triphenyltin hydroxide contact fungicide assets to United Phosphorus Limited (UPL). Financial terms of the agreement were not disclosed.
The DuPont Crop Protection assets include Vendex® miticides, Super Tin® fungicides and associated trademarks for use in the crop protection market, including uses in turf, nursery, ornamental, aquatics and other non-crop vegetation management applications.
“This represents another step in the DuPont Crop Protection strategy to bring greater focus to our business,” said James C. Collins , vice president and general manager, DuPont Crop Protection. “Divesting select assets such as these allows us to focus our resources on the exciting new products in our pipeline. These include DuPont™ Altacor™, Coragen™ and Prevathon™ insecticides, based on our innovative Rynaxypyr™ chemistry; and new herbicides for the Optimum™ GAT™ trait in corn and soybeans.”
UPL is the largest Indian agrochemical company and among the top five generic companies globally in this industry. It is engaged in research, manufacturing and distribution of agrochemicals and specialty chemicals across the globe. Revenues for the year ended March 2007 were in excess of $600 million.
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