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Chemical Week Magazine :: Top of the Week
BASF Acquires Seed Treatment Firm Becker Underwood for $1.2 Billion
7:16 AM MDT | September 21, 2012 | â€”Rebecca Coons
BASF says it plans to acquire biological seed treatment maker Becker Underwood (Ames, IA) from Norwest Equity Partners for â‚¬785 million ($1.02 billion). Becker is expected to have sales of $240 million for fiscal year 2012 ending September 30. BASFâ€™s crop protection division plans to create a strategic global business unit called functional crop care. The unit will merge the two firmsâ€™ research, development and marketing activities in the areas of seed treatment, biological crop protection, plant health, as well as water and resource management. Becker...
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