Arysta LifeScience Completes Acquisition of Major Assets of Micro Flo Company From BASF
Posted on: Friday, 31 March 2006, 15:00 CST
Arysta LifeScience North America Corporation and BASF Corporation today announced that they have completed the transaction in which Arysta has acquired major assets of Micro Flo Company LLC, Memphis, Tenn., from BASF Corporation, Florham Park, NJ. The acquisition will significantly broaden the scope of Arysta LifeScience's North American sales operations and create a strategic position in the U.S. crop protection segment.
With sales of around four billion dollars (EUR 3,298 million) in 2005, BASF's Agricultural Products division is a leader in crop protection and a strong partner to the farming industry providing well-established and innovative fungicides, insecticides and herbicides. Farmers use these products and services to improve crop yields and crop quality. Other uses include public health, structural/urban pest control, turf and ornamental plants, vegetation management, and forestry. BASF aims to turn knowledge rapidly into market success. The vision of BASF's Agricultural Products division is to be the world's leading innovator, optimizing agricultural production, improving nutrition, and thus enhancing the quality of life for a growing world population. Further information can be found on the web at www.agro.basf.com.
BASF is the world's leading chemical company: The Chemical Company. Its portfolio ranges from chemicals, plastics, performance products, agricultural products and fine chemicals to crude oil and natural gas. As a reliable partner to virtually all industries, BASF's intelligent system solutions and high-value products help its customers to be more successful. BASF develops new technologies and uses them to open up additional market opportunities. It combines economic success with environmental protection and social responsibility, thus contributing to a better future. In 2005, BASF had approximately 81,000 employees and posted sales of more than EUR 42.7 billion (approximately $50.4 billion). Further information on BASF is available on the Internet at www.basf.com.
Headquartered in Tokyo, Japan, Arysta LifeScience is the world's largest privately held crop protection and life science company with 2005 revenues of 115.7 billion Yen (US$1 billion). An entrepreneurial provider of crop protection and life science products in more than 125 countries worldwide, Arysta LifeScience specializes in the marketing and distribution of respected crop protection brands and life science products in harmony with the needs of global producers. More information on the company is available at: www.arystalifescience.com
Source: Business Wire
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