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TESSENDERLO KERLEY ACQUIRES PRODUCT LINES FROM PURFRESH, COMPANIES SETTLE THEIR DISPUTE
Aug. 24, 2011
Source: joint company news release
Tessenderlo Kerley, Inc. (TKI), Phoenix, AZ, and Purfresh Inc., Fremont, CA, announced today that the two businesses have reached an agreement for TKI to acquire the global assets of the Purfresh crop protection sun screen business and the Purshade product line including the trademarks, formulation knowledge, registrations, pending patents, other intellectual property and customer lists. Purshade is approved for sale in over forty countries.
The Purshade business will be managed and marketed by TKI's NovaSource business unit and will be a complementary offering to the company's Surround Crop Protectant product line. NovaSource (www.novasource.com) is TKI's business unit, charged with developing and marketing registered pesticides for niche crop protection and specialty markets.
Following closing of the acquisition, TKI will dismiss its complaint against Purfresh. The complaint, filed in the U.S. district court for the district of Delaware, asserted that Purfresh infringed certain TKI U.S. patents. Additional terms of the transaction will not be disclosed.
About Tessenderlo Kerley, Inc.
Tessenderlo Kerley, Inc. headquartered in Phoenix, Arizona, produces and markets specialty chemical solutions, including fertilizers, soil crop protection product and process chemicals and services to diverse markets in the United States, Mexico, Central and South America and selected European countries and the United Kingdom. TKI operates 10 manufacturing plants in North America, in addition to an extensive terminal network. TKI is a subsidiary of Tessenderlo Group, Brussels, Belgium. (www.tessenderlo.com)
About Purfresh, Inc.
An innovator and market leader, Purfresh offers a range of clean, science-based solutions for the global food supply chain. Designed to purify, protect, and preserve fresh produce, Purfresh's cold chain solutions couple proven science with advanced technology to optimize the quality and safety of produce as it moves from the farm to the consumer. Purfresh and its global partners help companies reduce losses, expand market opportunities, and deliver safer, higher-quality produce to the market. For more information, visit www.purfresh.com. Follow Purfresh on Twitter and Facebook.
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