Sector

27 September 2016

Bayer completes sale of Bayer Garden and Bayer Advanced businesses to SBM

Bayer has confirmed completion of the sale of the Consumer business from Environmental Science, a business unit of the Crop Science division to French-owned SBM. The Consumer business is made up from Bayer Garden and Bayer Advanced business in Europe and N. America.

Now the sale has been completed several dedicated employees as well as the entire range of products of Bayer Garden, and Bayer Advanced have been transferred to SBM. A license to use the Bayer brand has been issued to SBM to help with the transitional period.

Dr. Jacqueline Applegate, President of the Environmental Science Business Unit and Member of the Crop Science Executive Committee, said:

"We are pleased to have completed the sale of this business to SBM. This transaction represents a significant milestone in the transformation of Environmental Science, one that enables us to further strengthen our market leadership position with a single-minded focus on the unique needs of our customers in the Professional business."

"SBM has been a fantastic partner throughout the process, and we are certain our Consumer employees, customers and partners will benefit from working with this great company."

Bayer Garden and Bayer Advanced were part of Environmental Science, a business unit within Bayer's Crop Science division, which offers a range of high-quality weed and pest control products for professionals and consumers. The turnover of the Environmental Science unit in 2015 was 819 million EUR, to which the Bayer Garden and Bayer Advanced businesses contributed 239 million EUR.

Source: BPCA.org.uk

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