Arysta LifeScience Acquires Prothiofos Insecticide from Bayer CropScience
TOKYO – On Nov. 4, 2005, Arysta LifeScience acquired prothiofos, a
broad spectrum insecticide sold under the trade names, Tokuthion®, Bideron® and Toyodan® from Bayer CropScience for global distribution. Terms of the agreement were not disclosed.
"This latest acquisition from Bayer is a further step in extending the Arysta LifeScience crop protection portfolio," said Dr. Chris Richards, president and CEO of Arysta LifeScience. "Tokution® will enhance our portfolio for growers of vegetable and fruit crops, especially in Japan where it fits well alongside our existing products such as Ortran® and Orthocide®. Prothiofos has potential for sales growth globally, which we will pursue actively."
Acquiring proven products like Tokuthion® allows Arysta LifeScience to strengthen the portfolio offered through the company's extensive distribution network. "Arysta LifeScience is able to extend the life of products with established demand from growers. This enables us to provide better service to our customers," said Richards. "Our company's latest acquisition again demonstrates how we continue to provide our customers with an ever broader portfolio of products."
With its global strength in product development, marketing and distribution, Arysta LifeScience will be able to make Tokuthion® and other prothiofos brands available to more customers around the world.
For Bayer CropScience, the divestment of prothiofos forms part of its overall portfolio management strategy, which includes a reduction in the number of active ingredients in the company's portfolio. Bayer CropScience aims to reduce the number its active ingredients from 113 in 2002 to 93 in 2008. Prior to the divestment of prothiofos, Bayer CropScience has already divested the insecticides azocyclotin and amitraz to Arysta Life Science in the course of 2005.
Headquartered in Tokyo, Japan, Arysta LifeScience is the world's largest privately-held crop protection and life science company with 2004 revenues of ¥103.2 billion (US$1 billion). An entrepreneurial provider of crop protection and life science products in more than 125 countries worldwide, Arysta LifeScience specializes in the marketing and distribution of respected crop protection brands and life science products in harmony with the needs of global producers. More information on the company is available at: www.arystalifescience.com
Bayer CropScience AG, a subsidiary of Bayer AG with annual sales of about € 6 billion, is one of the world’s leading innovative crop science companies in the areas of crop protection, non-agricultural pest control, seeds and plant biotechnology. The company offers an outstanding range of products and extensive service backup for modern, sustainable agriculture and for non-agricultural applications. Bayer CropScience has a global workforce of about 19,000 and is represented in more than 120 countries. More media information on the company is available at: www.newsroom.bayercropscience.com
For more information, please contact:
Phone: (415) 536-3465
Steffen Kurzawa: Corporate Policy & Media Relations
Bayer CropScience AG
Phone: + 49-2173-38-3504