BASF completes acquisition Becker Underwood

BASF completes acquisition of Becker Underwood

4:25 AM, 29th November 2012
BASF completes acquisition of Becker Underwood
Dr Andreas Kreimeyer, Member, Executive Board Directors, BASF.

LUDWIGSHAFEN, GERMANY: BASF has completed the acquisition of Becker Underwood from Norwest Equity Partners, a US based private equity investment company, for a purchase price of $1.02 billion. With the acquisition, BASF is now a leading global provider of technologies for biological seed treatment as well as seed treatment colourants and polymers. BASF has also expanded its product portfolio in the areas of biological crop protection, turf and horticulture, animal nutrition and landscape colourants and coatings.

The newly formed global Functional Crop Care unit will become effective from 1 January 2013. It will be headed by Dr Juergen Huff, Senior Vice President. Dr Peter Innes, currently CEO of Becker Underwood, has accepted the position of Global Senior Advisor to the Crop Protection division. He will support the integration of Becker Underwood into BASF and the implementation of the Functional Crop Care unit.

“The acquisition fits very well with our long-term growth strategy. It will provide our customers with an even broader range of innovative solutions for agriculture. And it also provides our new colleagues with access to BASF’s global R&D platform as well as new markets and customers,” said Dr Andreas Kreimeyer, member of Board of Executive Directors responsible for the Agricultural Solutions segment and Research Executive Director, BASF.

© WOC News 

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