Research Triangle Park, North Carolina, USA
April 16, 2021
BASF announced the divestiture of its Pentia™ Plant Growth Regulator business to Nufarm, effective April 12, 2021. Financial details of the transaction are not being disclosed.
“This decision to divest Pentia to Nufarm will ensure our focus is on our key brands to help farmers get the most out of every acre,” said Scott Kay, BASF Agricultural Solutions Vice President, U.S. Crop Protection. “The divestment will allow us to have a greater focus on our important product families and to continue driving market innovation.”
Pentia had been part of BASF’s Agricultural Solutions cotton product portfolio. The company’s strong and broad portfolio which seeds and traits, chemical and biological crop protection, soil management, plant health, pest control and digital farming helps farmers to sustainably increase the yields and the quality of their crops.
“Pentia is a logical fit within Nufarm’s expanding portfolio of performance-driven cotton solutions,” said Mike Krull, Nufarm North America VP for Portfolio Solutions. “We look forward to providing Pentia to the ag supply channel, effectively immediately.”
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