The Dow Chemical Company has signed a definitive agreement to sell its Dow AgroSciences post-harvest and structural fumigant business, sulfuryl fluoride, to Douglas Products. This transaction is expected to close in the second quarter of 2015.
In response to emailed questions from the PCT staff, a Dow AgroSciences spokesperson noted that the company “believes that this business segment has a greater opportunity to reach its full potential under a different owner and the transaction aligns to the company’s rigorous focus on streamlining our portfolio aligned to our market segment driven strategy in pursuit of rewarding shareholders.”
Other details from this agreement includes:
• The divestment includes fumigants sold under the brand names Vikane and ProFume. The transaction also includes associated technology, business know-how, certain intellectual property, customer lists and contracts.
• Approximately 10 employees are expected to transition employment status to Douglas Products at transaction close.
• The remainder of the Dow AgroSciences global pest control business is not in the scope of this transaction.