Taxon Biosciences: DuPont Acquires Taxon Biosciences

DuPont said yesterday it agreed to acquire Taxon Biosciences, which specializes in commercializing microbiome-based products with agricultural, energy, or environmental applications. The price was not disclosed.DuPont said its ability to develop seed treatment, foliar and soil application products for row crops, fruits and vegetables, will be enhanced through the acquisition of Taxon, with its intellectual property in microbial consortia and microbial genomics products.The deal is also expected to further grow DuPont's agriculture, nutrition and health, and industrial biosciences segments, which last year sold more than $1 billion in biological solutions across four market sectors.Across the corporate giant's business segments, DuPont Biologicals develops crop-focused biological solutions that include microbes, plant extracts, and other natural substances used for controlling pests and improving plant health, quality, and yield.In January, for example, Du