News

DuPont acquires California-based biologicals firm

 

DuPont is expanding its capabilities in the area of biologicals.

The company announced Wednesday that it will acquire Taxon Biosciences, a California-based microbiome discovery company. In a news release, DuPont says the acquisition “will build on DuPont’s in-house capabilities and unparalleled market access in both seed and crop protection to discover and commercialize biological solutions for agriculture customers globally”.

Crop biologicals include microbes, plant extracts, and other natural substances used to control pests and improve plant health, quality and yield.

The financial terms of the agreement were not disclosed. Closing of the acquisition is expected in the second quarter.