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Press release from PR Newswire

Syngenta to acquire DuPont Professional Products business

Wednesday, August 29, 2012

Syngenta to acquire DuPont Professional Products business01:00 EDT Wednesday, August 29, 2012BASEL, Switzerland, Aug. 29, 2012 /PRNewswire/ --Acquisition strengthens Lawn and Garden leadership position Broadens portfolio of established product brands Reflects strategic focus on high value chemistry and geneticsSyngenta announced today that it has agreed to acquire the DuPont Professional Products insecticide business, a leading supplier of innovative products for the professional turf, ornamentals and home pest control markets.  The acquisition will expand the range of products which Syngenta offers to golf course and lawn care professionals and to ornamental growers, and will also strengthen its portfolio for the control of home pests.Under the terms of the agreement, Syngenta will acquire a global business including established pest control brands Advion® and Acelepryn® and other intellectual property, as well as a number of employees, for a consideration of $125 million. Syngenta will also access the related active ingredients and formulated products from DuPont through exclusive supply and licensing agreements. Robert Berendes, Head of Business Development, said: "This acquisition will contribute to our objective of increasing profitability in the Lawn and Garden business through a focus on integrated solutions for our customers based on high value chemistry and genetics. The products we are acquiring have an excellent environmental profile while providing superior control of insects in a wide variety of applications." The transaction is expected to close in the fourth quarter of 2012.Syngenta is one of the world's leading companies with more than 26,000 employees in over 90 countries dedicated to our purpose: Bringing plant potential to life. Through world-class science, global reach and commitment to our customers we help to increase crop productivity, protect the environment and improve health and quality of life. For more information about us please go to www.syngenta.com.Cautionary Statement Regarding Forward-Looking StatementsThis document contains forward-looking statements, which can be identified by terminology such as 'expect', 'would', 'will', 'potential', 'plans', 'prospects', 'estimated', 'aiming', 'on track' and similar expressions.Such statements may be subject to risks and uncertainties that could cause the actual results to differ materially from these statements.We refer you to Syngenta's publicly available filings with the U.S. Securities and Exchange Commission for information about these and other risks and uncertainties.Syngenta assumes no obligation to update forward-looking statements to reflect actual results, changed assumptions or other factors.This document does not constitute, or form part of, any offer or invitation to sell or issue, or any solicitation of any offer, to purchase or subscribe for any ordinary shares in Syngenta AG, or Syngenta ADSs, nor shall it form the basis of, or be relied on in connection with, any contract therefor.Syngenta International AGMedia contacts:Analyst/Investor contacts:Media OfficePaul BarrettJennifer GoughCH-4002 BaselSwitzerland +41 61 323 2323Switzerland +41 61 323 5059SwitzerlandUSA +1 202 737 6521Tel: +41 61 323 23 23Fax: +41 61 323 24 24Paul MinehartLars OestergaardUSA + 1 202 737 8913Switzerland +41 61 323 6793www.syngenta.comUSA +1 202 737 6520SOURCE Syngenta