Source: BASF news release

BASF announced has signed an agreement to acquire Sorex Holdings Ltd., a manufacturer of branded chemical and non-chemical products for professional pest management. The transaction, which includes U.S.-based Whitmire Micro-Gen and U.K.-based Sorex Ltd., will increase BASF's presence in the two most important pest control markets worldwide, the United States and Europe. Financial details have not been disclosed.

"We are convinced that combining our existing pest control business and research capabilities with the Sorex Group portfolio and expertise with application technology will strengthen us on several fronts," said Michael Heinz, president of BASF's Crop Protection division. "We will diversify into the U.S. general insect control segment and solidify our position in Europe. Combining our research and development capabilities will help us bring even more innovative solutions to pest management professionals."

In the United States, BASF now becomes a market leader in general insect control. In the termite sector, where BASF is already the market leader in liquid treatments, its portfolio is now broadened to include the second-largest termite bait offering: Whitmire's Advance
Termite Bait System. In Europe, BASF now also advances to a strong position in rodent and in sect control solutions for professional pest managers.

The Sorex Group has approximately 200 employees and recorded net sales of EUR 72 million in 2007, primarily in the U.S. and Europe. Sorex Group's portfolio and customer focus together with BASF's worldwide presence will help to grow the pest control business on a global level.

Whitmire products in the U.S. include a broad range of aerosol insecticides for general insect control, baiting systems for control of ants, cockroaches and termites as well as numerous dilutable insecticide formulations.

The closing of the transaction will proceed after final regulatory approval.