TKI aquired carbaryl business from Bayer to expand crop protection activities

Date:02-02-2012


Tessenderlo Kerley, Inc. (TKI), a U.S. subsidiary of Tessenderlo Group, announced the purchase of the crop protection assets of the global carbaryl business from Bayer CropScience, which will retain the non-crop business.

"The acquisition of the carbaryl insecticide franchise is another step in the planned expansion of the company’s niche crop protection product portfolio, following the acquisition of the terbacil and linuron businesses from DuPont, the Surround® business from BASF and the Purshade® business from Purfresh.”

Financial terms of the agreement were not disclosed.

Carbaryl is marketed under the Sevin® brand, as well as other associated trademarks in 40 countries. TKI will acquire global crop protection assets, including trade names, know-how, registrations and registration data.

Jordan Burns, CEO of TKI, stated, “TKI is committed to expanding its crop protection portfolio. We intend to continue building our NovaSource Crop Protection group with the addition of strategic products as they become available.”

Responsibility for the carbaryl product will be undertaken by TKI’s business unit, NovaSource. NovaSource Group Vice President David Cassidy stated, “The acquisition of the carbaryl insecticide franchise is another step in the planned expansion of the company’s niche crop protection product portfolio, following the acquisition of the terbacil and linuron businesses from DuPont, the Surround® business from BASF and the Purshade business from Purfresh.”