IHS Chemical Week

Markets :: Fine Chemicals/Biotech :: Agricultural chemicals

Bayer CropScience to Buy AgraQuest for $425 Million

6:45 PM MDT | July 3, 2012 | Rebecca Coons

Bayer CropScience says it has agreed to acquire biopesticide firm AgraQuest (Davis, CA) for  €340 million ($425 million), plus milestone payments. Bayer, which has been incorporating AgraQuest's Serenade fungal and bacterial control technology into its own Natria-brand line of products since 2009, says the deal will enable it to build a "leading technology platform for green products" and strengthen its fruits and vegetables business. "The growing fruits and vegetables market, which today accounts for more than 25 percent of our sales, is...

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