Today, BASF closed the acquisition of Bayer’s global vegetable seeds business, mainly operating under the brand Nunhems®. The transaction adds a well-recognized brand with a very successful business track record to BASF’s portfolio. The acquired vegetable seeds business comprises 24 crops and about 2,600 varieties. It also includes well-established, strong R&D and breeding systems with over 100 unique breeding programs in more than 15 crops. The addition of the vegetable seeds business enhances BASF’s global offer to farmers. It strengthens BASF’s seed platform and complements the recently expanded Agricultural Solutions portfolio, which includes seeds and traits, chemical and biological crop protection, soil management, plant health, pest control and digital farming. This closing completes BASF’s acquisition of a significant range of businesses and assets with combined 2017 sales of €2.2 billion, which Bayer offered to divest in the context of its takeover of Monsanto. The all-cash purchase price amounts to a total of €7.6 billion, subject to certain adjustments at closing. Receive the latest press releases from BASF via WhatsApp on your smartphone or tablet. Register for our news service at basf.com/whatsapp-news.
The world's largest chemical producer BASF has completed the €7.6bn ($8.7bn) acquisition of rival Bayer's global vegetable seed business, operating under the brand Nunhems. The deal gives the chemical giant 24 crops and around 2,600 varieties, as well as a well-established R&D and breeding system that covers over 100 unique breeding programs within 15 crops. Bayer said it would use its new position to "strengthen our leadership in the growing of high quality vegetables for both human consumption and animal feed.