Arysta LifeScience, Tokyo, and Bayer CropScience have announced a package of agreements that represent a further expansion of their successful cooperation.

As part of the agreement, Arysta LifeScience will acquire amitraz, a broad spectrum acaricide and selective insecticide sold under the tradename Mitac(R) from Bayer CropScience for global distribution. Arysta LifeScience also will be granted an exclusive license for marketing fluoxastrobin, a Bayer CropScience fungicide, for crop uses in the U.S., Canada and Japan as well as an exclusive license for marketing the compound globally for non-crop uses such as on turf and ornamentals.

Bayer CropScience will supply Arysta LifeScience with fluoxastrobin for sale in these markets as well as with tebuconazole for in-can mixtures with fluoxastrobin in the U.S. As per the agreement, Arysta LifeScience also will be granted a co-exclusive license to co-market deltamethrin, a pyrethroid insecticide, in the U.S. crop protection market.

Financial terms of the transaction were not disclosed.

Source: PRNewswire