Bayer CropScience buys assets of DuPont Crop Protection Land Management business

Bayer CropScience has signed an agreement to purchase certain DuPont Crop Protection Land Management assets in the US, Canada, Mexico, Australia and New Zealand for an undisclosed amount. Closing of the transaction is expected in the fourth quarter of 2014, subject to customary regulatory approvals.
 
This acquisition will enable Bayer’s environmental science business unit to offer a comprehensive portfolio of products for effective weed control for Industrial Vegetation Management (IVM). Furthermore, the company will gain access to the growing forestry and range & pasture business segments in North America. Under the agreement, DuPont will continue to sell its Land Management products outside the US, Canada, Mexico, Australia and New Zealand, and its range and pasture products in Mexico and Latin America.
 
“We are a leader in the professional Environmental Science market globally and the planned acquisition underlines our ambition to further grow this position in the years to come. It allows us to provide our customers with first-choice solutions to protect and care for the environment in which we live, work and play. Keeping our railways, railroads and infrastructure clean and safe and forestry plantations more productive is part of our mission,” said Liam Condon, CEO, Bayer CropScience.
 
Rik Miller, President, DuPont Crop Protection, said, “This agreement is another step in the execution of our DuPont Crop Protection business growth strategy. We continue to focus on delivering our science and innovative new offerings to the market, that drive profitable growth both today and over the long term.”
 
DuPont is a leading supplier of land management herbicides that help land managers and utility foresters control weeds and brush to enhance public safety, improve crew productivity, and protect forestry, range and pasture values. Its current land management product portfolio includes approximately 30 established and innovative herbicides marketed under brand names such as DuPont Perspective, Streamline, Escort and Oust which will complement Bayer CropScience’s product offering. The acquisition of these assets includes rights in intellectual property, including registrations, data, and trademarks related to the land management products.