Bayer CropScience (Bayer) and DuPont Crop Protection (DuPont) have signed of an agreement for Bayer to purchase certain DuPont Crop Protection land management assets in the United States, Canada, Mexico, Australia and New Zealand.
Through the acquisition, Bayer gains access to DuPont’s forestry, range and pasture products and expands its environmental science business unit to offer weed control options for industrial vegetation management.
Under the agreement, DuPont will continue to sell its land management products outside the United States, Canada, Mexico, Australia and New Zealand and its range and pasture products in Mexico and Latin America.
Closing of the transaction is expected in the fourth quarter 2014, subject to customary regulatory approvals. Financial terms of the agreement were not disclosed