Bayer CropScience closes acquisition of DuPont Crop Protection Land Management assets
Transaction results in a leading position in Industrial Vegetation Management / Access to Forestry and Range & Pasture segments in selected geographies / Customers to benefit from strong platform for future product and service launches
Monheim -- Bayer CropScience has completed the acquisition of certain DuPont Crop Protection Land Management assets in the United States, Canada, Mexico, Australia and New Zealand. The transaction closed on December 1, 2014, following receipt of required antitrust approvals.
The acquisition significantly boosts Bayer CropScience’s non-agricultural pest and weed control business. “We are striving to further expand the leadership position of Environmental Science, and this acquisition is a milestone which underlines our growth ambitions,” said Bayer CropScience CEO Liam Condon. “Through this acquisition we become a leader in Industrial Vegetation Management in North America and globally and will continue to build a best-in-class, innovative platform for future product launches and risk management solutions.”
Pro-forma sales of the combined businesses in 2013 amounted to approximately EUR 80 million, with DuPont’s Land Management business in North America, Mexico, Australia and New Zealand contributing approximately EUR 50 million. Additionally, 16 employees from DuPont will join the Bayer Industrial Vegetation Management team in the United States.
The acquisition strategically complements Bayer CropScience’s current product portfolio and allows the company to gain access to the growing Forestry and Range & Pasture business segments in North America. Land managers and utility foresters will now profit from a comprehensive weed control portfolio, comprising established and innovative herbicides marketed under brand names such as Esplanade™, Perspective™, Streamline™, Escort™ and Cimarron™.
“Our goal is to combine our expertise and passion for Industrial Vegetation Management and Forestry with the best people and capabilities of both organizations', Liam Condon pointed out. “More than ever, we are committed to deliver first-choice solutions to our customers that keep our railways, roadsides and forests clean and safe.”
About Bayer CropScience
Bayer is a global enterprise with core competencies in the fields of health care, agriculture and high-tech materials. Bayer CropScience, the subgroup of Bayer AG responsible for the agricultural business, has annual sales of EUR 8,819 million (2013) and is one of the world’s leading innovative crop science companies in the areas of seeds, crop protection and non-agricultural pest control. The company offers an outstanding range of products including high value seeds, innovative crop protection solutions based on chemical and biological modes of action as well as an extensive service backup for modern, sustainable agriculture. In the area of non-agricultural applications, Bayer CropScience has a broad portfolio of products and services to control pests from home and garden to forestry applications. The company has a global workforce of 22,400 and is represented in more than 120 countries. This and further news is available at: www.press.bayercropscience.com.
Find more information at www.bayercropscience.com.