Aventis CropScience Continues to Streamline Its Portfolio: Aventis Environmental Science Divests Its Household Insecticides Business to Focus on Branded Products.Business Editors LYON, France & FRANKFURT, Germany & TOKYO--(BUSINESS WIRE)--May 23, 2001 Aventis Environmental Science, the public health and hygiene business of Aventis CropScience, announces the sale of its Household Insecticides Business to Sumitomo Chemical Company Ltd. The price of the transaction will not be disclosed. This divestment is a key step in the strategic process of Aventis Environmental Science to develop and focus on its branded product lines aimed at professional markets like the Green Industry (e.g. turf and amenity, vegetation management), professional pest control pest control n → control m de plagas pest control n → lutte f contre les nuisibles pest control pest n including termite termite or white ant, common name for a soft-bodied social insect of the order Isoptera. Termites are easily distinguished from ants by comparison of the base of the abdomen, which is broadly joined to the thorax in termites; in ants, there is , locust locust, in botany locust, in botany, any species of the genus Robinia, deciduous trees or shrubs of the family Leguminosae (pulse family) native to the United States and Mexico. and vector control Vector control is any method to limit or eradicate the vectors of vector born diseases, for which the pathogen (e.g. virusor parasite) is transmitted by a vector which can be mammals, birds or arthropods, especially insects, and more specifically mosquitoes. , wood preservation and stored products. The business to be acquired by Sumitomo includes Aventis Environmental Science pyrethroid py·re·throid n. Any of several synthetic compounds similar to pyrethrin, used as an insecticide. insecticides used as household insecticides. The transfer includes, where appropriate, trademarks, registrations and labels. Aventis Environmental Science offers a broad portfolio for public health and hygiene, materials preservation, turf and amenity, vegetation management, thus covering non-agricultural applications of Aventis CropScience core crop protection active ingredients. Aventis Environmental Science is part of Aventis CropScience, Lyon, France, which reported sales of EUR EUR In currencies, this is the abbreviation for the Euro. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 4,034 billion for 2000 and employs about 14,400 people in more than 120 countries worldwide. Statements in this news release other than historical information are forward-looking statements subject to risks and uncertainties. Actual results could differ materially depending on factors such as the availability of resources, the timing and effects of regulatory actions, the strength of competition, weather conditions, the outcome of litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. and the effectiveness of patent protection. Additional information regarding risks and uncertainties is set forth in the current Annual Report on Form 20-F of Aventis on file with the Securities and Exchange Commission. Aventis CropScience SA 55 avenue Rene Cassin CP 106 F-69266 Lyon Cedex 09 www.aventis.com |
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