Syngenta announced that it has agreed to acquire the DuPont Professional Products insecticide business, a leading supplier of innovative products for the professional turf, ornamentals and home pest control markets. The acquisition will expand the range of products which Syngenta offers to golf course and lawn care professionals and to ornamental growers, and will also strengthen its portfolio for the control of home pests.
Under the terms of the agreement, Syngenta will acquire a global business including established pest control brands Advion® and Acelepryn® and other intellectual property, as well as a number of employees, for a consideration of $125 million. Syngenta will also access the related active ingredients and formulated products from DuPont through exclusive supply and licensing agreements.
The transaction is expected to close in the fourth quarter of 2012.