Sector News

BASF closes acquisition of selected Bayer agchems businesses

August 1, 2018
Chemical Value Chain

BASF said today that it has closed the acquisition of selected agricultural chemicals businesses and assets from Bayer. The transaction complements BASF’s crop protection, biotech, and digital farming activities and marks its entry into seeds, nonselective herbicides, and nematicide seed treatments. BASF’s proforma ag sales will rise by close to 40% as a result of the deal.

BASF signed agreements in October 2017 and April 2018 to acquire the businesses and assets Bayer offered to divest as part of antitrust requirements for its acquisition of Monsanto, for an all-cash purchase price of €7.6 billion ($8.9 billion), subject to certain adjustments at closing. About 4,500 employees will join BASF through the acquisition. The agreements include Bayer’s global glufosinate-ammonium business; seeds businesses including traits, research and breeding capabilities, and trademarks for key row crops in select markets; the vegetable seeds business; the R&D platform for hybrid wheat; a range of seed treatment products; certain glyphosate-based herbicides in Europe, used predominantly for industrial applications; a digital farming platform; and certain nonselective herbicide and nematicide research projects. The vegetable seeds acquisition is expected to close in mid-August 2018.

Saori Dubourg, member of the board of BASF/agricultural solutions, said the acquisition opens up new opportunities for BASF’s ag businesses. “It strengthens our market position in agricultural solutions and creates new opportunities for growth.”

In 2017, BASF reported crop protection sales of €5.7 billion and the operations being acquired from Bayer, including the vegetable seeds business, recorded 2017 sales of €2.2 billion. To reflect the expanded scope of its agriculture business, BASF has renamed the division from crop protection to agricultural solutions. In addition, the division has established a new business unit for seeds and traits.

By Natasha Alperowicz

Source: Chemical Week

comments closed

Related News

November 27, 2022

ICIG to acquire MSSA from Nippon Soda

Chemical Value Chain

International Chemical Investors Group (ICIG) has entered exclusive negotiations with Nippon Soda and made what it said is a “firm and binding offer” to acquire the Japanese group’s offshoot Métaux Spéciaux (MSSA), a sodium metal specialist.

November 27, 2022

FIFA World Cup: Coca-Cola launches 100% recycled PET bottles to promote Qatari recycling

Chemical Value Chain

Aligning with the SC’s key initiatives on responsible plastic recycling, Coca‑Cola Middle East’s pilot of 100% rPET bottles marks the first time the packaging will be in circulation at a FIFA World Cup tournament and serves as Coca‑Cola’s debut in locally producing the bottles in the region.

November 27, 2022

Neste acquires another used-oils business in the U.S.

Chemical Value Chain

Through the transaction, Neste is acquiring a leading UCO collection and recycling business on the US West Coast, covering the collection, logistics and storage of UCO in California, Oregon and Washington. Together with the previous acquisitions (…) the transaction continues to enhance Neste’s global raw materials sourcing platform.