DuPont divests Londax rice, Mariner aquatic business assets

Doane Agricultural Services posted the following on our content site this morning:

9/28/2006 -- WILMINGTON, Del. -- DuPont has sold its bensulfuron methyl rice and aquatic business assets outside of Asia Pacific to United Phosphorous Limited.

Financial terms of the agreement were not disclosed.

The DuPont Crop Protection assets include DuPont(TM) Londax(R) and associated trademarks, specific mixture products and other assets specific to the rice business, and DuPont(TM) Mariner(R) and other assets specific to aquatic herbicide applications.

UPL is the largest Indian agrochemical company and among the top five generic companies globally in this industry. It is engaged in research, manufacturing and distribution of agrochemicals and specialty chemicals across the globe. Revenues for the year ended March 2006 were in excess of $480 million.

DuPont is a science company. Founded in 1802 and operating in more than 70 countries, DuPont offers a wide range of innovative products and services for markets including agriculture, nutrition, electronics, communications, safety and protection, home and construction, transportation and apparel.

SOURCE DuPont via PR Newswire.