Gowan Company, LLC has reached an agreement with Dow AgroSciences LLC to acquire the rights to M-Pede® insecticide/fungicide and Scythe® herbicide.
M-Pede® is an OMRI certified insecticide/fungicide that controls aphids, thrips, and mites on a variety of crops including vegetables, grapes, tree fruits, tree nuts, cotton, and ornamentals. Scythe® is a non-selective herbicide used for controlling a broad spectrum of weeds. These purchases are an excellent addition to Gowan Company’s line of crop protection products, and allow Dow AgroSciences to focus resources on priority solutions in its agricultural chemical portfolio, especially new molecules in the launch phase, as well as its growing biotechnology portfolio.
“This is part of Dow AgroSciences’ ongoing portfolio management activities to maximize value and further our global growth strategy,” said Pierre Flye Sainte Marie, Global Business Leader for Growth Insecticides at Dow AgroSciences.
“The acquisition of M-Pede® and Scythe® will enhance Gowan Company’s continued efforts to provide IPM solutions to growers around the world. The addition of these two products combined with Gowan’s Aza-Direct® brand solidifies our commitment to building a strong Green platform,” said Sergio Comparini, Gowan Company Business Development Manager.
Under this agreement, Gowan and its subsidiaries will start selling M-Pede® and Scythe® effective November 10, 2010. Financial terms of the agreement were not disclosed.