Bayer acquires watermelon melon seed business Abbott & Cobb

Bayer acquires watermelon and melon seed business of Abbott & Cobb

12:28 PM, 12th June 2012
Bayer acquires watermelon and melon seed business of Abbott & Cobb
Sandra Peterson, CEO, Bayer CropScience.

MONHEIM, GERMANY: Bayer CropScience has entered into an agreement to purchase the watermelon and melon seed business of Abbott & Cobb Inc. The acquisition will strengthen the vegetable business of Bayer CropScience, which operates under the Nunhems brand and is a key segment for the company. Around 30 employees of Abbott & Cobb are expected to join the vegetable seed business of Bayer CropScience. Closing is expected within a few weeks.

The acquisition is a significant step forward for the presence of Bayer CropScience in this market. In addition, the melon business and the germplasm will broaden Bayer CropScience’s existing seed portfolio further and will be the basis for future new hybrids. Abbott & Cobb will continue with its remaining business with crops such as sweet corn, pepper and squash.

“The demand for healthy fruits and vegetables is increasing worldwide, and this segment is of crucial importance for Bayer CropScience. We plan to achieve sales of about €3 billion with seeds, traits and crop protection solutions for fruits and vegetables by 2020. Our vegetable seed business is essential for this,” said Sandra Peterson, CEO, Bayer CropScience.

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