Biocontrol Bayer Crop Science Acquires German Biocontrol Specialist
Agro–chemicals specialist Bayer Crop Science has signed an agreement to acquire Prophyta, German biocontrol company. The acquisition shall help to develop Bayer's position as a leading provider of integrated crop solutions, speakers explained...
Monheim/Germany – "This acquisition not only further strengthens our successful fruits and vegetables business," said Dr. Rüdiger Scheitza, Member of the Board of Management of Bayer Crop Science and Head of Strategy & Business Management. "Prophyta´s patented solid-state fermentation technology and strong expertise in the formulation of live fungal spores will also help us bringing new, innovative solutions to market." Prophyta will expand Bayer Crop Science's existing biological pest control portfolio and allow the company to further leverage its technology platform acquired through Athenix Corporation and Agra Quest, company speakers sated.
Chance for New Developments and Growth With Bayer
"We are proud to become part of Bayer Crop Science," commented Prophyta Managing Director Dr. Peter Lüth. "Our comprehensive production and formulation capacities will help Bayer to supply its worldwide customers with large quantities of biologics based on natural fungal micro-organisms." As the acquisition includes Prophyta's R&D laboratories and its state-of-the-art production and formulation facilities in Wismar, Germany, it opens up many opportunities for innovation in the area of Research & Development as well as growth within the Bayer Marketing & Sales network, the company states.