Valent U.S.A. Corporation Enters Agreement with Scotts Company
Valent Divests Green Light Company Assets
April 12, 2012
Walnut Creek, Calif.—Valent U.S.A. Corporation (Valent) announced today an agreement with The Scotts Company LLC (Scotts), which includes a collaborative supply agreement on key active ingredients for the outdoor consumer lawn and garden market in the United States. Terms of the agreement were not disclosed.
As part of the arrangement, Scotts will acquire certain assets of Valent subsidiary (dba) the Green Light Company, including trademarks for the Green Light brand family: Amaze® Grass & Weed Preventer2, Super Bloom®, Rose Defense™, Conquest® Insecticide Concentrate and Yard Safe® Insect Repellent, among others.
The existing Green Light products, pricing, programs, promotions and processes are expected to transition from Valent to Scotts over the next few months and remain unchanged for the remainder of the 2012 program year.
"As a wholly owned subsidiary of Sumitomo Chemical Company, Limited, Valent has an innovative, growing portfolio of active ingredients and proprietary formulations which are appropriate for many market segments. In the case of the U.S. consumer lawn and garden business, Scotts offers excellent market access and the ideal business opportunity for cooperation," said Andy Lee, Valent chief operating officer. "This divestiture allows us to sell our proprietary products directly to Scotts and continue to access the important consumer lawn and garden business, while also allowing us to focus on our rapidly growing core business: providing innovative technology to professional and agricultural markets. It also signals our willingness to enter strategic partnership agreements with companies recognizing the value of our best-in-class products."
About Valent U.S.A. Corporation
Valent, headquartered in Walnut Creek, Calif., develops and markets products in the United States and Canada that protect agricultural crops, enhance crop yields, improve food quality, beautify the environment and safeguard public health. Valent products include a well-known line of quality herbicide, insecticide, plant growth regulator, seed protection and fungicide products for agricultural and professional use. It differentiates itself from its competitors as a leader in marketing and sales of both biorational and traditional chemical products.
For more information on the full Valent product line, call 800-6-VALENT (682-5368).
About Scotts Miracle-Gro
With nearly $3 billion in worldwide sales and more than 8,000 associates, The Scotts Miracle-Gro Company, through its wholly-owned subsidiary, The Scotts Company LLC, is the world's largest marketer of branded consumer products for lawn and garden care, with products for professional horticulture as well. The Company's brands are the most recognized in the industry. In the U.S., the Company's Scotts®, Miracle-Gro®, and Ortho® brands are market-leading in their categories, as is the consumer Roundup® brand, which is marketed in North America and most of Europe exclusively by Scotts and owned by Monsanto. In the U.S. the Company operates Scotts LawnService®, the second largest residential lawn care service business. In Europe, the Company's brands include Weedol®, Pathclear®, Evergreen®, Levington®, Miracle-Gro®, KB®, Fertiligene® and Substral®. For additional information, visit us at www.scotts.com.
About Sumitomo Chemical
Sumitomo Chemical is one of Japan's leading chemical companies, offering a diverse range of products globally in the fields of basic chemicals, petrochemicals, IT-related chemicals and materials, agricultural chemicals, and pharmaceuticals. The company's consolidated net sales for fiscal 2010 were US$23.8 billion (JPY1.98 trillion). For additional information, visit the company's website at www.sumitomo-chem.co.jp/english/.