DuPont Acquires Taxon Biosciences

DuPont-Taxon-LogosDuPont (NYSE: DD), a Wilmington, Del.-based science-based products and services company, is to acquire Taxon Biosciences, Inc., a Tiburon, Calif.-based microbiome discovery company.

The financial terms of the agreement, which is expected to close in the second quarter, were not disclosed.

Founded in 2000 by Matt Ashby and Jasper Rine and led by Glenn Nedwin, chief executive officer and president, Taxon Biosciences utilizes proprietary advancements in genomics, bioinformatics and microbiology to identify, resolve, validate and commercialize microbiome-based products from agricultural or environmental settings. The company holds a broad intellectual property estate in the field of microbial consortia and microbial genomics products which will contribute to the development of new DuPont seed treatment, foliar and soil application products for important row crops, fruits and vegetables.

Founded in 1802, DuPont offers a wide range of innovative products and services for markets including agriculture and food, building and construction, communications, and transportation, operating in more than 90 countries.



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