Oct 2, 2015

TKI acquires Hexazinone herbicide business assets from DuPont

Tessenderlo Kerley (TKI) and DuPont Crop Protection announced the sale of certain of DuPont’s global Hexazinone solo product and its Hexazinone/Diuron-only mixture product business assets to TKI.

The sale excludes assets in Brazil.  Financial terms of the agreement were not disclosed.

The assets to be divested by DuPont include the Velpar, Pronone and Advance trademarks, formulated product registrations, formulated product registration data, customer information, supply agreements with third parties, access to certain know-how, certain Hexazinone and Diuron technical registrations and associated registration data, for each product.

“This acquisition is another step for the NovaSource crop protection division of TKI to improve its position in the niche crop protection industry,” said David Cassidy, group vice president for TKI. “These products enable NovaSource to add new distribution opportunities both in North America and in Asia.”

NovaSource is a business unit of TKI that develops and markets crop protection products for niche agricultural markets globally.

“This agreement is another step in the execution of our DuPont Crop Protection business growth strategy,” said Timothy P. Glenn, president, DuPont Crop Protection. “This continues to enhance our focus on innovative new product offerings for our customers.”