Dow AgroSciences LLC recently announced that it has entered into definitive agreements under which Nutrichem Co., Ltd. ("Nutrichem") will purchase Dow AgroSciences’ oxyfluorfen business. The acquisition includes the global registrations, brands, manufacturing information and intellectual property relating to the oxyfluorfen herbicides, including all Goal® herbicide brands.
Dow AgroSciences will be authorized to distribute Goal herbicide products made with oxyfluorfen supplied by Nutrichem on an on-going basis. The herbicide provides excellent pre- and post-emergence control of a broad spectrum of weeds, and will be a good fit for Nutrichem’s existing manufacturing capabilities and expanding product portfolio while allowing Dow AgroSciences to continue to focus on innovative technologies for global agricultural markets.
The transaction is expected to close by the end of 2015. Agreement and financial terms were not disclosed.