Tessenderlo Kerley Inc. Acquires Global Hexazinone Herbicide Business Assets from DuPont Crop Protection
PHOENIX, Ariz. and WILMINGTON, Del. – Oct. 1, 2015 – Tessenderlo Kerley, Inc. (TKI), a U.S. subsidiary of Tessenderlo Group, and DuPont Crop Protection today announced the sale of certain of DuPont's global Hexazinone solo product and its Hexazinone/Diuron-only mixture product business assets to TKI. The sale excludes assets in Brazil. Financial terms of the agreement were not disclosed.
The assets to be divested by DuPont include the Velpar®, Pronone® and Advance® trademarks, formulated product registrations, formulated product registration data, customer information, supply agreements with third parties, access to certain know-how, certain Hexazinone and Diuron technical registrations and associated registration data, for each product.
Hexazinone is a broad spectrum herbicide used on crops such as alfalfa, blueberries, pineapples and sugarcane and is marketed globally under the Velpar®, Pronone® and Advance® brands.
NovaSource is the crop protection business unit of TKI and is responsible for developing and marketing crop protection products for niche agricultural markets globally.
TKI produces and markets specialty chemical solutions, including fertilizers, crop protection chemicals and process chemicals and services to diverse markets around the world. TKI operates 11 manufacturing plants in North America in addition to an extensive terminal network. TKI is a subsidiary of Tessenderlo Group, Brussels, Belgium.