Arysta LifeScience Announces Acquisition of Omethoate Insecticide from Bayer CropScience
TOKYO, December 19, 2005 -- Arysta LifeScience today announced that it has acquired omethoate, a broad spectrum insecticide sold under the trade name Le-Mat® and Folimat®, from Bayer CropScience for global distribution. Terms of the agreement were not disclosed.
"Adding Folimat® will make our product portfolio more attractive to fruits/vegetable/row crop growers in Mexico, South Africa, South Korea, Turkey and many other countries" said Dr. Chris Richards, president and CEO of Arysta LifeScience. "Le-Mat® also has a well-established position in the Australian pasture market, where Bayer will market the product on our behalf."
"Our focus is to deliver a strong range of crop protection products to our customers and this acquisition will broaden our portfolio in the global marketplace," Richards added.
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, a subsidiary of Bayer AG with annual sales of about EUR 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, ensuring proximity to dealers and consumers. For further information see also: