2012-01-31
Tessenderlo Kerley, Inc. (TKI) announced today the purchase of the crop protection assets of the global carbaryl business from Bayer CropScience, which will retain the non-crop business.   Financial terms of the agreement were not disclosed.   Carbaryl is marketed under the Sevin® brand, as well as other associated trademarks in forty countries. TKI will acquire global crop protection assets including trade names, knowhow, registrations and registration data.   Jordan Burns, CEO of TKI, stated, “TKI is committed to expanding its crop protection portfolio. We intend to continue building our NovaSource® Crop Protection group with the addition of strategic products as they become available”.   Responsibility for the carbaryl product will be undertaken by TKI’s business unit, NovaSource (www.novasource.com).  The NovaSource Group Vice President David Cassidy stated: “the acquisition of the carbaryl insecticide franchise is another step in the planned expansion of the company’s niche crop protection product portfolio following the acquisition of the terbacil and linuron businesses from DuPont, the Surround® business from BASF and the Purshade® business from Purfresh.”   Tessenderlo Kerley, Inc. (www.tkinet.com) headquartered in Phoenix, Arizona, produces and markets specialty chemical solutions, including fertilizers, crop protection chemicals and process chemicals and services to diverse markets around the globe. TKI operates 10 manufacturing plants in North America, in addition to an extensive terminal network.  TKI is a subsidiary of the Tessenderlo Group, Brussels, Belgium.   Tessenderlo Group is a worldwide specialty company, focused on food, agriculture, water management and on valorizing bio-residuals. The group employs over 7,000 people and is a leader in most of its markets, with consolidated revenue of 2.4 billion EUR in 2010.  Tessenderlo Chemie NV is listed on Eurolist by Euronext Brussels and is part of Next 150 and BEL Mid indices. Financial News wires: Bloomberg: TESB BB – Reuters: TesBt.BR – Datastream: B:Tes ​   Contact Tessenderlo Kerley, Inc.Lowell Bennett, 602-803-3488Director of Communicationsldbennett@tkinet.comWebsites:               www.tessenderlo.com – www.tkinet.com – www.novasource.com   ​

2011-08-23
(Phoenix, Arizona, August 23, 2011)— Tessenderlo Kerley, Inc. (TKI) and Purfresh Inc., Fremont California announced today that the two businesses have reached an agreement for TKI to acquire the global assets of the Purfresh crop protection sun screen business and the Purshade product line including the trademarks, formulation knowledge, registrations, pending patents, other intellectual property and customer lists. Purshade is approved for sale in over forty countries. The Purshade business will be managed and marketed by TKI’s NovaSource® business unit and will be a complementary offering to the company’s Surround® Crop Protectant product line. NovaSource (www.novasource.com) is TKI’s business unit, charged with developing and marketing registered pesticides for niche crop protection and specialty markets. Following closing of the acquisition, TKI will dismiss its complaint against Purfresh.  The complaint, filed in the U.S. district court for the district of Delaware, asserted that Purfresh infringed certain TKI U.S. patents.  Additional terms of the transaction will not be disclosed.About Tessenderlo Kerley, Inc.Tessenderlo Kerley, Inc. headquartered in Phoenix, Arizona, produces and markets specialty chemical solutions, including fertilizers, soil crop protection product and process chemicals and services to diverse markets in the United States, Mexico, Central and South America and selected European countries and the United Kingdom.  TKI operates 10 manufacturing plants in North America, in addition to an extensive terminal network. TKI is a subsidiary of Tessenderlo Group, Brussels, Belgium. (www.tessenderlo.com)   About Purfresh, Inc. An innovator and market leader, Purfresh offers a range of clean, science-based solutions for the global food supply chain. Designed to purify, protect, and preserve fresh produce, Purfresh’s cold chain solutions couple proven science with advanced technology to optimize the quality and safety of produce as it moves from the farm to the consumer. Purfresh and its global partners help companies reduce losses, expand market opportunities, and deliver safer, higher-quality produce to the market. For more information, visit www.purfresh.com. Follow Purfresh on Twitter and Facebook.