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BASF completa la adquisición de Becker UnderwoodBASF Complete the acquisition of Becker Underwood
4 December 2012
BASF has completed the acquisition of Becker Underwood to Norwest Equity Partners, a company of capital of investment with headquarters in United States, by a price of purchase of 785 million euros. Thanks to this acquisition, BASF turns into the provider world-wide leader in technologies for the biological treatment of seeds, as well as of colorantes and polymers for the treatment of seeds. Likewise, BASF has expanded his wallet of products in the areas of biological crop protection, lawn and vegetables, animal nutrition, and colorantes and coatings for the landscape.
“This acquisition fits perfectly in our strategy of growth on a long-term basis. It will provide to our customers an even more wide range of innovative solutions for the agriculture. Also it offers to our new colleagues access to the global platform of R&D of BASF, as well as to more markets and customers”, affirmed Andreas Kreimeyer, member of the managerial board of BASF, manager of the segment Agricultural Solutions and executive director of Investigation.
In the next months, a team formed by collaborators of BASF and Becker Underwood will develop a plan detailed to llevar the integration. The majority of businesses of Becker Underwood will incorporate to the unit of global business Functional Crop Care, that finishes to create , and will happen to form part of the division Agro of BASF. Inside this new unit, BASF will merge his current activities of investigation, development and marketing in the areas of treatment of seeds, biological crop protection, health of the plants, as well as gestión of the water and the resources with the corresponding areas of Becker Underwood. The business of animal nutrition of Becker Underwood will remain integrated cheese cheese inside the division of Feeding and Nutrition of BASF.
The recently created global unit Functional Crop Care will go in in operation on 1 January 2013, under the steering of Jürgen Huff, senior vice-president. Peter Innes, that at present is the general director of Becker Underwood, has accepted the place of senior global adviser of the division Agro. From there it will support the integration of Becker Underwood in BASF and the implementation of the unit Functional Crop Care.
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