Arysta LifeScience Completes Acquisition of Major Assets of Micro Flo Company from BASF
CARY, N.C./FLORHAM PARK, N.J., March 31, 2006 – Arysta
LifeScience North America Corporation and BASF Corporation today
announced that they have completed the transaction in which Arysta has
acquired major assets of Micro Flo Company LLC, Memphis, Tenn., from
BASF Corporation, Florham Park, NJ. The acquisition will significantly
broaden the scope of Arysta LifeScience's North American sales
operations and create a strategic position in the U.S. crop protection
segment.
With sales of around four billion dollars (€3,298 million) in 2005,
BASF's Agricultural Products division is a leader in crop protection
and a strong partner to the farming industry providing well-established
and innovative fungicides, insecticides and herbicides. Farmers use
these products and services to improve crop yields and crop quality.
Other uses include public health, structural/urban pest control, turf
and ornamental plants, vegetation management, and forestry. BASF aims
to turn knowledge rapidly into market success. The vision of BASF's
Agricultural Products division is to be the world's leading innovator,
optimizing agricultural production, improving nutrition, and thus
enhancing the quality of life for a growing world population. Further
information can be found on the web at www.agro.basf.com.
BASF is the world's leading chemical company: The Chemical Company. Its
portfolio ranges from chemicals, plastics, performance products,
agricultural products and fine chemicals to crude oil and natural gas.
As a reliable partner to virtually all industries, BASF's intelligent
system solutions and high-value products help its customers to be more
successful. BASF develops new technologies and uses them to open up
additional market opportunities. It combines economic success with
environmental protection and social responsibility, thus contributing
to a better future. In 2005, BASF had approximately 81,000 employees
and posted sales of more than €42.7 billion (approximately $50.4
billion). Further information on BASF is available on the Internet at www.basf.com.
Headquartered in Tokyo, Japan, Arysta LifeScience is the world's
largest privately held crop protection and life science company with
2005 revenues of ¥115.7 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.
For further information, please contact:
BASF
Bernd Gerling
BASF Agricultural Products North America
Phone: 1-919-547-2757
BASF Agricultural Products Communications
Phone: +49-621-60-28655
E-mail: bernd.gerling@basf.com
Mark Stephenson
E-mail: mark.stephenson@basf.com
Arysta LifeScience
Donna Uchida
Phone: 1-415-309-9637
E-mail: donna.uchida@arystalifescience.com