Arysta expands global specialty crops portfolio: Buys Enzone®, a soil fumigant, from DuPont
TOKYO, October 27 – Arysta LifeScience Corporation has unveiled
a significant addition to its growing portfolio of products for the
global specialty crops sector.
The company announced the worldwide acquisition of Enzone®,
a soil fumigant. The transaction, effective September 29, 2004, and
expected to be completed by year’s end, involved Arysta’s Calliope SAS
(France) subsidiary and Entek Corporation, a wholly owned affiliate of
DuPont.
This is the second significant purchase for Arysta in recent weeks.
Yesterday, the company announced it had entered into an agreement to
acquire main agricultural chemical assets of Monsanto’s Chile-based
Moviagro subsidiary.
Enzone® (Sodium Tetrathiocarbonate) is a
patent protected soil fungicide and nematicide, used to control
Phylloxera and Armillaria on grapes, Phytophthora on citrus and a wide
range of plant parasitic nematodes on high value perennial crops such
as trees, fruits and vines.
Enzone® is currently registered in the U.S.,
Spain, France, Greece, Chile, New Zealand and Morocco. Its annual
global sales revenue is approximately US$4 million at the dealer level,
with the USA, Spain and France accounting for the majority of the
revenue.
According to Arysta’s President and CEO Dr. Christopher Richards, the Enzone® acquisition is in line with Arysta’s new strategic focus.
“Arysta has ambitious growth plans. The addition of Enzone®
advances our position on several levels,” says Dr. Richards. “First, it
broadens Arysta’s specialty crops portfolio, our global focus, and
complements our soil fumigant Midas (Iodomethane). Second, Enzone®’s
international strength complements and enhances our global reach.
Third, it highlights our strategy of growing through the acquisition of
carefully selected products.”
Headquartered in Tokyo, Japan, Arysta is an entrepreneurial provider
of crop protection and life science products worldwide. The company is
growing by building a world class business in the development,
marketing and distribution of respected crop protection brands and an
intimate understanding of the needs of global producers. For further
information about Arysta LifeScience Corporation, see: www.arystalifescience.com.
For more information on Arysta LifeScience Corporation, please contact:
Elin Miller
For more information on Entek/DuPont, please contact:
For more information on Enzone®, please contact:
Phone +1 415 536 3460
Fax +1 415 283 9883
Email: emiller@arvesta.com
Jim Bearden
Phone +1 229 293 4155
Fax +1 229 249 5980
Email: jim.bearden@usa.dupont.com
Nicolas Ferenczi
Arysta/Calliope
Phone +33 559 60 92 91
Fax +33 5 59 60 92 19
Email: nferenczi@calliope-sa.com