CARY, N.C. & FLORHAM PARK, N.J. -- Arysta LifeScience North America Corp. and BASF Corp. today announced that they have completed the transaction in which Arysta has acquired major assets of Micro Flo Company LLC, Memphis, Tenn., from BASF Corp.

The acquisition will significantly broaden the scope of Arysta LifeScience's North American sales operations and create a strategic position in the U.S. crop protection segment.

With sales of around $4 billion in 2005, BASF's Agricultural Products division is a leader in crop protection and a strong partner to the farming industry providing well-established and innovative fungicides, insecticides and herbicides.

BASF is a world-leading chemical company. Its portfolio ranges from chemicals, plastics, performance products, agricultural products and fine chemicals to crude oil and natural gas. In 2005, BASF had approximately 81,000 employees and posted sales of approximately $50.4 billion.

Headquartered in Tokyo, Japan, Arysta LifeScience is the world's largest privately held crop protection and life science company with 2005 revenues of 115.7 billion Yen (US$1 billion). The company specializes in the marketing and distribution of respected crop protection brands and life science products in harmony with the needs of global producers.

SOURCE: Arysta LifeScience North America Corporation and BASF Corp. via Business Wire.