Aventis Environmental Science to Acquire Clorox's MAXFORCE Brand and Products.Business Editors LYON, France & MONTVALE, N.J.--(BUSINESS WIRE)--Feb. 5, 2002 Aventis Environmental Science, a business unit of Aventis CropScience, announced today that it has reached agreement with The Clorox Company to purchase The Clorox Company's MAXFORCE(R) brand and products for the professional pest control pest control n → control m de plagas pest control n → lutte f contre les nuisibles pest control pest n markets. Clorox will continue to sell its consumer insecticides insecticides, chemical, biological, or other agents used to destroy insect pests; the term commonly refers to chemical agents only. Chemical Insecticides , including those sold under the "Combat" and "Black flag" brands into the consumer markets. The parties agreed not to disclose the price of the transaction. Under the terms of the agreement, Aventis Environmental Science will have the global rights to sell MAXFORCE(R) to the professional pest control markets. Aventis Environmental Science is already the exclusive distributor for MAXFORCE(R) in Europe and is selling MAXFORCE(R) in South America South America, fourth largest continent (1991 est. pop. 299,150,000), c.6,880,000 sq mi (17,819,000 sq km), the southern of the two continents of the Western Hemisphere. . "We are pleased with the acquisition of the MAXFORCE(R) brand and products," said Pascal Housset, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Aventis Environmental Science. "MAXFORCE(R) rounds out our portfolio of high-performance, professional products for pest control and fills a geographical gap." MAXFORCE(R) is currently sold in more than 100 countries, based on fipronil or hydramethylnon as active ingredients An active ingredient, also active pharmaceutical ingredient (or API), is the substance in a drug that is pharmaceutically active. Some medications may contain more than one active ingredient. . MAXFORCE(R) offers a wide range of bait products to control ants and cockroaches cockroaches insects which may carry Salmonella spp. in their gut and play a part in the spread of the disease. . In the U.S., MAXFORCE(R) uses bait technology primarily with fast-acting fipronil, the same active ingredient that has proven to be highly effective on termites in TERMIDOR(R) termiticide/insecticide, which is manufactured by Aventis Environmental Science. Aventis Environmental Science offers a broad product portfolio for public health and hygiene, material preservation, turf and amenity and vegetation management covering non-agricultural applications of Aventis CropScience active ingredients. Aventis Environmental Science is part of Aventis CropScience. Aventis CropScience is a major crop protection and crop production company that is also involved in top-ranking environmental and public health activities. Committed to developing sustainable agriculture sustainable agriculture n. A method of agriculture that attempts to ensure the profitability of farms while preserving the environment. worldwide, Aventis CropScience focuses on researching, developing and marketing innovative solutions that meet the needs of today's farming - healthy crops, increased yields, improved crop and food quality - while constantly striving to meet the needs of the environment. With 2000 sales of 4,034 million Euros, Aventis CropScience devotes over 11 percent of its turnover to the research and development of new chemicals, biotechnology and plant varieties. It employs about 14,400 people in more than 120 countries worldwide. For more information on Aventis, visit the Web Site www.aventis.com. Statements in this news release other than historical information are forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. 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. |
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