Chemtura Acquires Farmer-Applied Seed Treatment Products with Acquisition of Trace Chemicals Business
Chemtura Corporation announced the acquisition of the Trace chemicals business from Bayer CropScience LP, effective immediately. Terms of the transaction were not disclosed.
Chemtura is rounding out its portfolio by acquiring Trace Chemicals, providing farmer-applied seed treatments in the USA market.
"This is a strategic acquisition for our Crop Protection business," said Marcus Meadows-Smith, Chemtura's executive vice president of Crop Protection and Consumer Products. "The acquisition of Trace expands our offerings in this important niche market by providing immediate access to a high-quality product portfolio."
The transaction includes the acquisition of the Trace seed treatment product line and a 14-person formulation operation in Pekin, Ill., as well as access by Chemtura to certain Bayer CropScience active ingredients, registrations and trademarks.
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