Bayer sells certain parts environmental science unit SBM

Bayer sells certain parts of environmental science unit to SBM

10:18 AM, 20th May 2016
Bayer sells certain parts of environmental science unit to SBM

MONHEIM, GERMANY/LYON, FRANCE: Bayer AG has signed an agreement to sell its consumer business of the environmental science unit to SBM Developpement (SBM). The consumer business encompasses the Bayer Garden and Bayer Advanced businesses in Europe and North America.

The transaction is expected to close in October, at which time all employees holding one of the almost 250 positions dedicated to the Bayer Garden and Bayer Advanced businesses in Europe and North America will transfer to SBM.

Bayer Garden and Bayer Advanced provide innovative home and garden solutions for hobby gardeners and homeowners. SBM is a leader in the home and garden market in France and develops, formulates and produces crop and non-crop solutions for professionals and consumers.

With strong experience in developing biological plant protection solutions, soils and fertilizers, SBM has a highly complementary product portfolio to Bayer’s businesses. Through the acquisition of the Bayer Garden and Bayer Advanced businesses, SBM will significantly expand its footprint in Europe and enter the strategic North American market.

“For SBM, the acquisition of the Bayer Garden and Bayer Advanced businesses represents a major milestone in our journey toward global leadership in the consumer home and garden industry,” said Jean-Paul Simmler, chairman of SBM. “We are committed to growing these businesses over the long-term by providing customers in Europe and the US with an innovative range of solutions that leverages the strengths of both SBM and Bayer.”

“In SBM, we’ve found a strategic acquirer that can provide the Bayer Garden and Bayer Advanced businesses and people with a long-term vision and perspective to reach their full potential. At the same time, divesting the consumer business will enable environmental science to become even more growth-oriented and strengthen our market leadership position with a single-minded focus on the unique needs of our professional customers,” said Dr Jacqueline Applegate, head of environmental science and member of the crop science executive committee.

© Worldofchemicals News

Read the latest news from Bayer:

Bayer said to explore bid for $40 billion seed company Monsanto



Your Comments (Up to 2000 characters)
Please respect our community and the integrity of its participants. WOC reserves the right to moderate and approve your comment.

Related News

Clariant launches new guard for methanol synthesis catalysts

SHANGHAI, CHINA: Clariant SA has launched MegaGuard 700 catalyst guard, designed to protect methanol synthesis catalysts, such as those of Clariant's ...

Read more
Solvay, Eastman Chemical to end Primester joint venture partnership

BRUSSELS, BELGIUM: Solvay SA and Eastman Chemical Company have signed a definitive agreement to end their 50/50 cellulose acetate production joint ven ...

Read more
Flint Group acquires American Inks and Coatings in US

PLYMOUTH, US: Flint Group has acquired American Inks and Coatings (AIC) based in Pine Bluff, US. This investment is an important part of Flint Group&r ...

Read more
Pfizer to acquire Anacor Pharmaceuticals in $5.2 billion deal

New York, US: Pfizer Inc has entered into a definitive agreement to acquire all the shares of Anacor Pharmaceuticals Inc in a deal valued at $5.2 bill ...

Read more
RPM acquires full ownership in Chinese JV, Carboline Dalian

MEDINA, US: RPM International Inc (RPM) said that its subsidiary Carboline Company has acquired full ownership of its Chinese joint venture Carboline ...

Read more
Afton Chemical opens lubricant additive production plant in Singapore

SINGAPORE: Afton Chemical Corporation has opened its new engine lubricant additive production plant in Jurong Island, Singapore which was marked by a ...

Read more uses cookies to ensure that we give you the best experience on our website. By using this site, you agree to our Privacy Policy and our Terms of Use. X