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For Immediate Release Contact: Brian Lawrence
Tessenderlo Kerley, Inc. Acquires Sinbar® and Zobar® Herbicide Business from DuPont (Phoenix, Arizona, December 6, 2007) Tessenderlo Kerley, Inc. (TKI) announced today the purchase of the Terbacil crop protection assets from DuPont Crop Protection, Wilmington, Delaware. Financial terms of the agreement were not disclosed. Terbacil herbicide is marketed globally under the Sinbar® trademark. In Japan, terbacil is also sold in a mixture with diuron under the Zobar® trademark. TKI will acquire the rights to the Sinbar and Zobar trade names, a license to the technology required to make terbacil and the worldwide registrations and data packages for the products. Sinbar and Zobar herbicides are used primarily in niche markets including mint, fruit, alfalfa and non-crop applications. These products are currently registered in 11 countries. The development and marketing responsibility for these products will be undertaken by NovaSource (www.novasource.com), TKI’s business unit, charged with developing and marketing registered pesticides for niche crop protection and specialty markets. According to David Cassidy, Group Vice-President, “the acquisition of Sinbar and Zobar herbicides is another step in the planned expansion of the company’s niche crop protection product portfolio. Sinbar and Zobar are the second targeted acquisition and we believe are destined to become an even more important part of growers’ crop protection programs.” Tessenderlo Kerley, Inc. headquartered in Phoenix, Arizona, produces and markets specialty chemical solutions, including fertilizers, crop protection chemicals and process chemicals and services to diverse markets in the United States, Mexico, Central and South America and selected European countries and the United Kingdom. TKI operates 9 manufacturing plants in North America, in addition to an extensive terminal network. TKI is a subsidiary of the Tessenderlo Group, Brussels, Belgium. (www.tessenderlo.com) #####
TESSENDERLO KERLEY, INC., member of TESSENDERLO GROUP P. O. Box 15627, Phoenix, Arizona 85060-5627 |
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