Bayer to Buy Biopesticides Maker AgraQuest for $425 Million
7:53 AM MDT | July 11, 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 says the deal will enable it to build a “leading technology platform for green products” and strengthen its fruits and vegetables business. Bayer has been incorporating AgraQuest’s Serenade fungal and bacterial control technology into its own Natria-brand line of products since 2009. “The growing fruits and vegetables market, which today accounts for more than 25% of our sales, is of...
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