Tessenderlo Kerley Inc. Acquires Herbicide Assets

Kelly MarshallAgribusiness, Dupont Crop Protection, Herbicides

TKIDuPont Crop Protection has announced the sale of it’s Hexazinone product and mixture product business to Tessenderlo Kerley Inc. (TKI).  Assest in Brazil were excluded in the sale and financial terms have not been disclosed.  Hexazinone is a broad spectrum herbicide created for use on crops like alfalfa, blueberries, pineapples and sugarcane.  It is marketed under the brands Velpar, Pronone, and Advance.

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.

“This acquisition is another step for the NovaSource® crop protection division of TKI to improve its position in the niche crop protection industry,” said David Cassidy, group vice president for TKI. “These products enable NovaSource to add new distribution opportunities both in North America and in Asia.

“This agreement is another step in the execution of our DuPont Crop Protection business growth strategy,” said Timothy P. Glenn, president, DuPont Crop Protection. “This continues to enhance our focus on innovative new product offerings for our customers.”