Syngenta to buy DuPont Professional Products insecticide business
Swiss pesticides manufacturer Syngenta has signed an agreement to buy the DuPont Professional Products insecticide business for $125m.
As part of the agreement, Syngenta will acquire DuPont global business, intellectual property, the Advion and Acelepryn pesticides and employees.
The acquisition is expected to expand Syngenta's offering to golf course and lawn care professionals and ornamental growers.
The agreement will also enable the company to access the related active ingredients and formulated products from DuPont through supply and licensing agreements.
Robert Berendes, Syngenta business development head, said the acquisition will allow Syngenta's profitability in the lawn and garden business through a focus on integrated solutions for company's customers based on value chemistry and genetics.
"The products we are acquiring have an excellent environmental profile while providing superior control of insects in a wide variety of applications," Berendes added.
The acquisition, which is expected to be finalised in 2012, will also strengthen Syngenta's portfolio for the control of home pests.