Gowan Crop Protection Limited, an affiliate of Gowan Co. LLC., has entered into agreements with Bayer AG to acquire rights to the active ingredients fenamidone and pencycuron in the US.
The acquisition includes product registrations and trademarks including Consento, Reason, Monceren, and Prestige, and related intellectual property and labels for both fungicides. The transactions closed Dec. 1, although Bayer and Gowan will work together over the next several months to facilitate an orderly hand-off and to maintain quality customer service in all geographies. The financial terms of the agreements were not disclosed.
Pencycuron is a foliar and seed treatment product for the control of diseases originating from Rhizoctonia solani in various crops including potatoes cotton, rice, turf and vegetables. It has broad presence in Japan, Brazil, India and Russia, among other countries.
Fenamidone is a product for control of diseases originating from water molds or the oomycetes class of fungi, key among them being downy mildew, late blight and early blight on potatoes, grapes, vegetables and ornamentals. With sales in the U.S., Mexico, India, Russia and Brazil, fenamidone is a critical tool for many growers around the world.
A cornerstone of Gowanâ€™s Muddy Boots philosophy is to help growers combat the challenges of pests and diseases. Gowan believes this acquisition will expand its core product offering and allow the company to better serve growersâ€™ needs.
Gowan, based inÂ Yuma, Arizona, is a developer, registrant and marketer of crop protection products, seeds and fertilizers.