Arysta LifeScience Announces Acquisition of Proponit
Company Expands Portfolio with Selective Herbicide from Nitrokémia
Arysta LifeScience Corporation announced a significant addition to its growing herbicide portfolio with its acquisition of Proponit®, a selective herbicide, from Nitrokémia 2000 Rt. of Hungary. Financial terms of the transaction were not disclosed.
The transaction was completed by Arysta LifeScience SAS, which operates Arysta's businesses in Europe, Africa and the Middle East. The purchased assets include the trademark Proponit®, its worldwide registrations, an extensive data package as well as manufacturing rights and expertise.
Proponit® (propisochlor) is a chloracetanilide herbicide discovered by Nitrokémia. It is used to control grasses and several broadleaf weeds on crops such as maize, sunflower, potato, oilseed rape, peas and sugar beet.
Proponit® is currently registered in Hungary, Bulgaria, Croatia, Poland, Armenia, Romania, Slovakia, and other countries in Asia and South America.
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