Arysta LifeScience Announces Acquisition of Proponit®
TOKYO, July 17, 2006 – Arysta LifeScience Corporation today
announced a significant addition to its growing herbicide portfolio
with its acquisition of Proponit®, a selective herbicide, from Nitrokémia 2000 Rt. of Hungary. Financial terms of the transaction were not disclosed.
The transaction, effective June 16, 2006, was completed by Arysta
LifeScience SAS, which operates Arysta’s businesses in Europe, Africa
and the Middle East. The purchased assets include the trademark Proponit®, its worldwide registrations, an extensive data package as well as manufacturing rights and expertise.
“The acquisition of Proponit® will help
expand Arysta LifeScience’s business in Central and Southern Europe, a
region where Arysta has extensive distribution capabilities,” said Eric
Barbedette, president and CEO of Arysta LifeScience SAS. “This
herbicide helps us broaden our maize offering beyond the major
insecticides the company has available.”
“Proponit® offers us an exciting opportunity
to develop a specialty product in this region as well as strengthen the
Arysta LifeScience global portfolio,” added Chris Richards, president
and CEO of Arysta LifeScience Corporation. “We are an ambitious company
with aggressive growth targets and this acquisition represents further
progress in strengthening our global position in crop protection.”
Proponit® (propisochlor) is a
chloracetanilide herbicide discovered by Nitrokémia. It is used to
control grasses and several broadleaf weeds on crops such as maize,
sunflower, potato, oilseed rape, peas and sugar beet.
On maize, Proponit® is used in pre- and
early post-emergence and offers flexible time of application, high
efficiency against major weeds, excellent selectivity without the need
for a safener and good compatibility in tank mixtures.
Proponit® is currently registered in
Hungary, Bulgaria, Croatia, Poland, Armenia, Romania, Slovakia, and
other countries in Asia and South America.
Contacts:
Arysta LifeScience:
Donna Uchida
Proponit®:
Nicolas Ferenczi, Arysta LifeScience SAS
Phone: +33 5 59 60 92 91
Fax +33 5 59 60 92 19
Email: nicolas.ferenczi@arystalifescience.com
Company Expands Portfolio with Selective Herbicide from Nitrokémia
Phone: +1 (415) 309-9637
Email: donna.uchida@arystalifescience.com