RESEARCH TRIANGLE PARK, N.C., 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.”
With a rapidly growing population, the world is increasingly dependent on our ability to develop and maintain sustainable agriculture and healthy environments. Working with farmers, agricultural professionals, pest management experts and others, it is our role to help make this possible. That’s why we invest in a strong R&D pipeline and broad portfolio, including seeds and traits, chemical and biological crop protection, soil management, plant health, pest control and digital farming. With expert teams in the lab, field, office and in production, we connect innovative thinking and down-to-earth action to create real world ideas that work – for farmers, society and the planet. In 2020, our division generated sales of €7.7 billion. For more information, please visit www.agriculture.basf.com or any of our social media channels.
BASF Corporation, headquartered in Florham Park, New Jersey, is the North American affiliate of BASF SE, Ludwigshafen, Germany. BASF has approximately 17,000 employees in North America and had sales of $18.7 billion in 2020. For more information about BASF’s North American operations, visit www.basf.com/us.
At BASF, we create chemistry for a sustainable future. We combine economic success with environmental protection and social responsibility. More than 110,000 employees in the BASF Group contribute to the success of our customers in nearly all sectors and almost every country in the world. Our portfolio is organized into six segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care and Agricultural Solutions. BASF generated sales of €59 billion in 2020. BASF shares are traded on the stock exchange in Frankfurt (BAS) and as American Depositary Receipts (BASFY) in the U.S. Further information at http://www.basf.com.
Established in Australia more than 100 years ago, Nufarm is recognized as one of the leading manufacturers and suppliers of crop protection and seed treatment in the world. In the US, Nufarm is committed to bringing innovation and choice to distributors, retailers and the growers they serve from three state-of-the-art manufacturing facilities. Nufarm Americas, Inc. is a subsidiary of Nufarm Limited, a manufacturer, supplier and marketer of crop protection products based in Australia. Nufarm Americas, Inc. formulates products that serve the agricultural, professional turf, vegetation management and forestry markets in the United States. Further information at www.nufarm.com/uscrop.
BASF Media Contact
Name: Odessa Hines
Tel.: (919) 886-8081
Nufarm Media Contact
Name: Tracy Rich
Tel.: (919) 379-2524