Indianapolis, Indiana
July 17, 2008
Gowan Company, LLC has reached an agreement with
Dow AgroSciences LLC to
acquire the rights to its global zoxamide fungicide business,
marketed primarily under the brand names ZOXIUM™, GAVELTM,
ELECTISTM, UNIKATTM and HARPONTM.
Zoxamide is a highly active low-use fungicide used to control
oomycete fungi infecting potatoes, vines and vegetables. This
purchase will further strengthen Gowan’s position in these
markets, and allows Dow AgroSciences to focus resources on
priority solutions in its chemical and biotechnology portfolios.
“Due to the press of competing priorities for new product
development, Dow AgroSciences, as a research-based company, has
not been able to devote the time and resources needed to
position zoxamide for optimal growth,” said David Hindes, Global
Business Leader, Fungicides. “We believe that zoxamide will be
better positioned with Gowan, where it represents a better
strategic fit with the company’s portfolio and general business
direction.”
“The addition of zoxamide expands Gowan’s fungicide portfolio
globally, and is consistent with our goal to identify important
products that growers need”, states Matt Comer, Global Marketing
Manager for Gowan.
Under this agreement, Gowan and its subsidiaries throughout the
world will start selling zoxamide and its formulations effective
August 1, 2008. Financial terms of the agreement were not
disclosed.
Gowan Company, based in Yuma, Arizona, USA, is a family-owned
registrant and marketer of crop protection products and
champions technology for agriculture and horticulture through
innovative product development, public advocacy and quality
production.
Dow AgroSciences LLC, based in Indianapolis, Indiana, USA, is a
top-tier agricultural company that combines the power of science
and technology with the "Human Element” to constantly improve
what is essential to human progress. Dow AgroSciences provides
innovative technologies for crop protection, pest and vegetation
management, seeds, traits, and agricultural biotechnology to
serve the world's growing population. Global sales for Dow
AgroSciences, a wholly owned subsidiary of The Dow Chemical
Company, are $3.8 billion. |
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