Syngenta to acquire DuPont Professional Products
August 31, 2012 By Canadian Garden Centre & Nursery
Aug. 31, 2012, Greensboro, IL — Syngenta will acquire the DuPont Professional Products insecticides business, including a number of registered trademark brands.
Created in 2002, the DuPont Professional Products insecticides business specializes in the development and marketing of branded products for the professional turf and pest control markets, including Altriset, Advion, Arilon and Acelepryn.
"This is the next step in our strategy to scale our turf and landscape business within lawn and garden to further support our customers," said Tim Kroenke, head of Syngenta Lawn and Garden North America. "This acquisition will help Syngenta gain leadership in the professional pest management market and increase our presence in turf."
As a result of this transaction, Syngenta will pursue opportunities in adjacent markets, such as the ornamental horticulture and consumer markets. Syngenta Research & Development investment will also drive growth in opportunities to extend the use of the active ingredients in the professional and home pest markets.
The acquisition is still subject to regulatory approval. If approval is granted, the $125 million deal is expected to close in the fourth quarter of 2012.
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