Bayer CropScience Closes Acquisition of DuPont Crop Protection Land Management Assets
Bayer CropScience completed the acquisition of certain DuPont Crop Protection Land Management assets in the United States, Canada, Mexico, Australia and New Zealand, according to a release from the company.
The transaction. which closed on December 1, 2014, following receipt of required antitrust approvals, boosts Bayer CropScience’s non-agricultural pest and weed control business. The acquisition strategically complements Bayer CropScience’s current product portfolio and allows the company to gain access to the growing Forestry and Range & Pasture business segments in North America. Land managers and utility foresters will now profit from a comprehensive weed control portfolio, comprising established herbicides marketed under brand names such as Esplanade, Perspective, Streamline, Escort and Cimarron.
“We are striving to further expand the leadership position of Environmental Science, and this acquisition is a milestone which underlines our growth ambitions,” said Bayer CropScience CEO Liam Condon. “Through this acquisition we become a leader in Industrial Vegetation Management in North America and globally and will continue to build a best-in-class, innovative platform for future product launches and risk management solutions.”