- Syngenta closes acquisition with DuPont
- Expands portfolio with industry-leading insecticide brands
- Transaction extends Syngenta commitment to professional turf and pest management markets
Greensboro, N.C., USA -- Syngenta announced today that it has closed the acquisition of the DuPont Professional Products insecticide business. As a result of this transaction, Syngenta now owns industry-leading insecticide brands Altriset®, Advion®, Arilon®, Acelepryn®, Calteryx® and Provaunt®. A number of DuPont Professional Products employees have also joined Syngenta.
“These key assets will provide the Lawn & Garden Turf and Landscape business with new offerings and capabilities to scale our business so that we can meet the needs of our growing customer base,” stated Tim Kroenke, head, Syngenta Lawn and Garden North America. “With the addition of these recognized brands, Syngenta can address critical customer needs in the professional turf and pest control markets with an expanded portfolio of industry-leading, proven technology.”
Scott Reasons, head, Turf & Landscape North America concurred. “The closing of the acquisition provides Syngenta with new capabilities to build upon our strong pest management heritage with next generation chemistry, and expand our leadership position in Turf. We are excited about the range of offerings and additional capabilities we can now provide our customers.”
In addition to targeting the professional turf and pest management markets, Syngenta will pursue adjacent market opportunities in ornamental horticulture and the consumer space. The closing price for the acquisition was $125 million.
About Syngenta
Syngenta is one of the world's leading companies with more than 26,000 employees in over 90 countries dedicated to our purpose: Bringing plant potential to life. Through world-class science, global reach and commitment to our customers we help to increase crop productivity, protect the environment and improve health and quality of life. For more information about us, please go to www.syngenta.com.
Media contact:
Lori Schwind
208.585.7326, lori.schwind@syngenta.com
©2012 Syngenta. Important: Always read and follow all bag tag and label instructions before buying or using Syngenta products. The instructions contain important conditions of sale, including limitations of warranty and remedy. Some crop protection products and seed treatments may not be registered for sale or use in all states or counties. Please check with your state or local extension service before buying or using Syngenta products. Altriset®, Advion®, Arilon®, Acelepryn®, Calteryx®, Provaunt® and the Syngenta logo are registered trademarks of a Syngenta Group Company.
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