Nutrichem To Purchase Dow AgroSciences’ Oxyfluorfen Herbicide Business
16 November 2015 Dow AgroSciences announced that top Chinese agrochemical supplier Nutrichem Co. Ltd. will purchase its oxyfluorfen business.
The acquisition includes the global registrations, brands, manufacturing information and intellectual property relating to the oxyfluorfen herbicides, including all Goal herbicide brands, Indianapolis, Indiana-based Dow AgroSciences said.
Dow AgroSciences said it will be authorized to distribute Goal herbicide products made with oxyfluorfen supplied by Nutrichem on an ongoing 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 company said in a statement.
The transaction is expected to close by the end of 2015. Agreement and financial terms were not disclosed.
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