Bayer shows biopesticide ambitions with £270 million purchase of AgraQuest

Bayer CropScience has bought US biopesticide supplier AgraQuest for $425 million (£270 million) plus milestone payments.

Bayer - image: Conanil
Bayer - image: Conanil

The move indicates a strong commitment by the German agrochemicals giant to the international horticultural IPM sector.

Bayer CropScience CEO Sandra Peterson said:

"The growing fruits and vegetables market, which today accounts for more than 25 percent of our sales, is of strategic importance for us. We plan to achieve €3 billion sales in this segment by 2020 and with the acquisition of AgraQuest we are underlining our growth ambitions."

AgraQuest CEO Marcus Meadows-Smith added:

"By joining forces with Bayer CropScience we will be able to develop revolutionary, tailor-made biological solutions. Now the products developed through AgraQuest employees’ hard work will be made available to farmers in every corner of the world."


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