Dec. 3, 2019
Nissan Chemical Corporation announces the acquisition of the Quinoxyfen product line of fungicides from Corteva, Inc. (NYSE: CTVA). This transaction includes all brands, including Quintec® and Fortress™ and associated inventories.
Quinoxyfen is a protectant fungicide highly effective in controlling powdery mildew in cereals, grapes, stone fruits, and vegetables such as cucurbits. It has a unique mode of action and has been marketed globally mainly under the brands Quintec® as a solo product and Arius™ as a pre-mixture with myclobutanil. The main market is powdery mildew in U.S. and approximately 280 million USD at Industry level.
Nissan is currently working with Gowan Company L.L.C., based in Arizona, U.S. to integrate Quinoxyfen into Gowan’s U.S., Mexico, and Chile business entities. Forthcoming, Gowan will make a separate announcement to all of its distribution partners once the integration process is complete and Gowan is ready to accept customer orders.
Nissan continues to focus on the Agrochemical business as one of its core businesses. It continues to invest in research and development activities in this space, and the recent fruit is “Gracia”, a novel insecticide launched in Korea in 2018 and in Japan in 2019. We are also in the process of developing new fungicide and herbicide, both inside and outside of Japan. Nissan believes the Quinoxyfen acquisition will both strengthen its presence in the global market, as well as expand its foothold in the agrochemical business.