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For Immediate Release Contact: Brian Lawrence
Tessenderlo Kerley, Inc. Purchases Surround® Business from BASF (Phoenix, Arizona, November 12, 2007) Tessenderlo Kerley, Inc. (TKI) announced today the purchase of the Surround Crop Protection business from BASF Corporation, Research Triangle Park, North Carolina. Surround is a patented kaolin clay based particle film technology that protects agricultural and horticultural crops such as, tree fruits, nuts and vegetables, from insects, sunburn and heat stress. The product is a US EPA registered insecticide and is OMRI listed for organic use. Introduced in 1999, Surround is currently registered or approved for use in nineteen countries. The world-wide development and marketing of Surround will be undertaken by TKI’s crop protection unit, NovaSource™ (www.novasource.com). NovaSource is TKI’s business unit, charged with developing and marketing EPA registered pesticides for niche crop protection and specialty markets. According to Dave Cassidy, Group Vice-President, “the acquisition of Surround is another step in the planned expansion of the NovaSource product line. Surround is one of the first of our targeted acquisitions destined to become an important part of grower’s crop protection programs.” Financial details of the transaction have not been disclosed. Tessenderlo Kerley, Inc. headquartered in Phoenix, Arizona, produces and markets specialty chemical solutions, including fertilizers, soil fumigants 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 9 manufacturing plants in North America, in addition to an extensive terminal network. TKI is a subsidiary of the Tessenderlo Group, Brussels, Belgium.
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TESSENDERLO KERLEY, INC., member of TESSENDERLO GROUP P. O. Box 15627, Phoenix, Arizona 85060-5627 |
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