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Nutrichem to Acquire Dow AgroSciences Tebutamethoxam Business

Nutrichem to Acquire Dow AgroSciences Tebutamethoxam Business

  • Categories:Company News
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  • Time of issue:2016-06-06
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(Summary description)On June 6, 2016, Beijing Nutrichem Jiahe Biotechnology Co., Ltd. (hereinafter referred to as "Nutrichem Bio") announced the acquisition of the global thiazuron business of Dow AgroSciences LLC. Nutrichem Bio is a leading agrochemical supplier in China, and Dow AgroSciences is a wholly-owned subsidiary of Dow Chemical (NYSE: Dow). The assets acquired by Nutrichem Bio include the global registration, trademarks, related production technologies and registration materials of terbutazone and its branded preparations and other intellectual property rights, as well as market information such as customer information.

Nutrichem to Acquire Dow AgroSciences Tebutamethoxam Business

(Summary description)On June 6, 2016, Beijing Nutrichem Jiahe Biotechnology Co., Ltd. (hereinafter referred to as "Nutrichem Bio") announced the acquisition of the global thiazuron business of Dow AgroSciences LLC. Nutrichem Bio is a leading agrochemical supplier in China, and Dow AgroSciences is a wholly-owned subsidiary of Dow Chemical (NYSE: Dow). The assets acquired by Nutrichem Bio include the global registration, trademarks, related production technologies and registration materials of terbutazone and its branded preparations and other intellectual property rights, as well as market information such as customer information.

  • Categories:Company News
  • Author:
  • Origin:
  • Time of issue:2016-06-06
  • Views:0
Information

On June 6, 2016, Beijing Nutrichem Jiahe Biotechnology Co., Ltd. (hereinafter referred to as "Nutrichem Bio") announced the acquisition of the global thiazuron business of Dow AgroSciences LLC. Nutrichem Bio is a leading agrochemical supplier in China, and Dow AgroSciences is a wholly-owned subsidiary of Dow Chemical (NYSE: Dow). The assets acquired by Nutrichem Bio include the global registration, trademarks, related production technologies and registration materials of terbutazone and its branded preparations and other intellectual property rights, as well as market information such as customer information.

Nutrichem Biological will authorize Dow AgroSciences to continue to sell terbutazone Spike®, Graslan®, Molopo® , Combine® and other brand preparation products, which are exclusively produced and supplied by Nutrichem Biological. Terbufenuron is a non-selective substituted urea herbicide, mainly used to control annual and perennial grass and broadleaf weeds and shrubs in sugarcane fields, pastures and non-arable land. The acquisition will help Nutrichem Biological to expand the production scale of existing technical drugs, and further expand and enrich its own product portfolio.

The transaction is expected to be completed in the first half of 2016, and the content of the agreement and transaction amount will not be disclosed in an announcement. 

The purchase of Dow AgroSciences' global thiazolone business will strategically strengthen the company's competitiveness in operating this core product, and increase the products that extend to downstream global end markets, enhance product end market development and registration, and expand sales The ability of the channel will help to form a competitive industrial chain layout and expand the future development space. At the same time, it will once again improve the company's international management and operation level, and form its core competitiveness in key areas of the agrochemical industry.

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