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Nutrition Capital Network news: Bayer Acquires Biological Pest Management Company

Nutrition Capital Network facilitates financing and asset sales for growing companies and introduces investors to the next generation of successful brands & technology in the nutrition and health & wellness industries. Below is news from August.

 

Bayer CropScience (Monheim, Germany) signed an agreement in July to purchase AgraQuest Inc. (Davis, Calif.) for $425 million plus milestone payments. AgraQuest is a global supplier of biological pest management solutions based on natural microorganisms. Bayer CropScience said the acquisition would enable it to build a leading technology platform for green products and to strengthen its fruits and vegetables business. “The growing fruits and vegetables market, which today accounts for more than 25 percent of our sales, is of strategic importance for us. We plan to achieve €3 billion sales in this segment by 2020, and with the acquisition of AgraQuest we are underlining our growth ambitions,” said Sandra Peterson, CEO of Bayer CropScience.

Disclaimer: NCN does not warrant the accuracy, reliability, or timeliness of any NCN news item. Before relying on any NCN News item the information should be independently verified.

 

For more finance and investment information, visit Nutrition Capital Network news.

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