Certis USA Completes Strategic Re-Alignment; Divests Teknar Biological Insecticide to Valent Biosciences.Business Editors BIOWIRE2K COLUMBIA, Md.--(BUSINESS WIRE)--March 12, 2003 Certis U.S.A. L.L.C., a subsidiary of Mitsui & Co., Ltd., completes a strategic re-alignment of its pesticide business allowing it to more effectively meet the demand for its IPM-related product line for the specialty agriculture market. As a part of the re-alignment, Certis USA announces the divestiture of its public health biological larvacide, Teknar(R), a mosquito and black fly control product used in the public health industry, to Valent BioSciences, Libertyville, Ill. Under the agreement to sell its Teknar brand products to Valent BioSciences, Certis USA transfers its Bacillus thuringiensis israelensis Bacillus thuringiensis serovar israelensis (Bti) is a group of bacteria used as biological control agents for larvae of certain Dipterans. Bti strains, patents, trademarks, registrations, manufacturing process, R&D programs and customer contracts. In addition, Certis USA grants Valent BioSciences exclusive worldwide rights to market to forestry markets its Thuricide(R) biological insecticide, which controls Lepidopteran lepidopteran Any of the more than 155,000 species constituting the order Lepidoptera (Greek: “scaly wing”): butterflies, moths, and skippers. The name refers to the dusting of minute scales that covers the wings and bodies of these insects. (worm) pests, such as gypsy moth and spruce budworm. Certis USA will continue to manufacture both Teknar and Thuricide for Valent BioSciences. Certis USA President and 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. Dennis Banasiak said, "We are committed to be the lead supplier of Integrated Pest Management Integrated Pest Management (IPM), planned program that coordinates economically and environmentally acceptable methods of pest control with the judicious and minimal use of toxic pesticides. products to specialty high-value crop markets. This re-alignment of our business, which included last year's purchase of the Ecogen, Inc. agricultural Bt-product portfolio, along with our divestiture of Teknar today, allows us to concentrate on serving our key markets while also allowing us to maintain our capacity in our manufacturing facilities. Certis USA is actively looking to expand its specialty agricultural IPM (1) (Impressions Per Minute) Generally refers to document scanners that scan both sides of the page at the same time. Thus, a scanner that scans at 100 ppm (pages per minute) can provide 200 ipm. See ppm and document scanner. portfolio." Certis USA also announces the reorganization of its sales management team naming Dave McManama, Eastern Regional Sales Manager, and Bret Menagh, Western Regional Sales Manager. McManama, previously a Senior Sales Manager for Certis USA, has been with the company for six years. McManama is based in Indianapolis, IN. Menagh, in Fresno, CA, is promoted from his Sales Manager position, which he has held with Certis USA since 1999. USA NAFTA NAFTA in full North American Free Trade Agreement Trade pact signed by Canada, the U.S., and Mexico in 1992, which took effect in 1994. Inspired by the success of the European Community in reducing trade barriers among its members, NAFTA created the world's Sales Vice President Tim Damico said, "Our new sales organization is ideal, because it allows us to concentrate on and better serve the specialty agricultural markets." Mitsui & Co., Japan's largest trading company, markets and distributes crop protection products and services directly and through its Certis marketing subsidiaries in Europe, Japan, Africa and the U.S. global crop protection sales exceed $500 million annually. With headquarters in Columbia, Certis USA manufactures environmentally friendly crop protection products for vegetable, tree fruit, nut, grape, citrus and mushroom crops grown both conventionally and organically. Certis USA product brands include: Javelin(R), Agree(R), Deliver(R), Crymax(R), Lepinox(R), Condor(R), Raven(R), Cutlass(R) and Thuricide(R) bioinsecticides; Azatin(R) and Neemix(R) botanical insect growth regulators; Trilogy(R) botanical fungicide/miticide; SoilGard(R) microbial microbial pertaining to or emanating from a microbe. microbial digestion the breakdown of organic material, especially feedstuffs, by microbial organisms. fungicide fungicide (fŭn`jəsīd', fŭng`gə–), any substance used to destroy fungi. Some fungi are extremely damaging to crops (see diseases of plants), and others cause diseases in humans and other animals (see fungal infection). ; BioVector(R) insecticidal nematode nematode or roundworm Any of more than 15,000 named and many more unnamed species of worms in the class Nematoda (phylum Aschelminthes). Nematodes include plant and animal parasites and free-living forms found in soil, freshwater, saltwater, and even vinegar , and GemStar(R) and Spod-X(R) insecticidal virus products. Note: A digital copy of this release is available at www.certisusa.com. |
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