CropTec Show
Farminguk
30 September 2016 | Online since 2003
Briefing Media - FG Classified


8 January 2013 14:40:06 |

Bayer CropScience aquires biocontrol company Prophyta


Bayer CropScience has signed an agreement to acquire Prophyta GmbH, a leading supplier of microbial crop protection products, along with the company's R&D laboratories and its production and formulation facilities in Wismar, Germany.
The acquisition further complements Bayer CropScience's portfolio of integrated crop solutions based on high-value seeds, innovative crop protection solutions and customized services.
Closing is expected within a few weeks. Financial details were not disclosed.
Bayer is a global enterprise with core competencies in the fields of health care, agriculture and high-tech materials.
Bayer CropScience, the subgroup of Bayer AG responsible for the agricultural business, has annual sales of EUR 7.255 billion (2011) and is one of the leading innovative crop science companies in the areas of seeds, crop protection and non-agricultural pest control.
"This acquisition not only further strengthens our successful fruits and vegetables business," said Dr. Rüdiger Scheitza, Member of the Board of Management of Bayer CropScience AG 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 CropScience's existing biological pest control portfolio and allow the company to further leverage its technology platform acquired through Athenix Corporation and AgraQuest.
"We are proud to become part of Bayer CropScience,” commented Prophyta Managing Director Dr. Peter Lüth.
"Our comprehensive production and formulation capacities will help Bayer CropScience to supply its worldwide customers with large quantities of biologics based on natural fungal micro-organisms."
This acquisition also opens up many opportunities for innovation in the area of Research & Development as well as growth within the Bayer CropScience Marketing & Sales network.
Prophyta, founded in 1992, offers customers well-established products primarily based on biological control agents which are registered in more than 30 countries worldwide. Key brands are Contans for control of Sclerotinia and the nematicide BioAct.
Furthermore, Prophyta has developed a unique solid-state fermentation technology for production and bioprocess development of filamentous fungi. Using this patented technology, large quantities of fungal biomass as well as fungal spores can be produced under axenic conditions.
Prophyta employs a total staff of approximately 30 full-time employees.

Download

0 Comment

loginuserlogo
Name

Please enter your name


Email

Please enter your email

Please enter valid email


Comment

Please enter your comment


Post Comment

Your comment has been submitted successfully. Please wait for admin approval.


Comments

No comments posted yet. Be the first to post a comment


Ireland | 29 September 2016
Irish dairy farmers seek €11m under EU milk reduction scheme

Irish dairy farmers have sought €11m to reduce milk production during the final three months of the year under the European Union’s Voluntary Milk Reduction Scheme. This is according to the Ministe...


USA | 29 September 2016
U.S. cattle prices continue to erode as supplies rise

Rising beef supplies and large supplies of competing proteins are eroding prices on fed cattle headed for slaughter, and market volatility continues to be the focal point of the U.S. market. In the...


USA | 29 September 2016
Farmers suing Syngenta over GMO corn granted class action status in federal court

A federal judge has granted class action status to at least 440,000 farmers accusing agrochemical giant Syngenta of selling genetically modified corn seeds and costing them billions of dollars in lost...


Australia | 29 September 2016
Global dairy prices lift as farmers slash production

Global dairy prices are rising as farmers around the world cut back on production, but local prices are still below the cost of production for many south-east Australian farmers. The previous Globa...


Puerto Rico | 29 September 2016
Puerto Rico Experiences an Agricultural Renaissance

For the first time in nearly 30 years, Puerto Ricans are buying rice, vegetables and traditional crops such as plantains and pineapples, that are produced on the island. As new farms spring across ...



Trending Now

Viewed
Discussed


Top stories you may have missed
FarmingUK
FarmingUK Logo

FarmingUK

Farm subsidy payments funded by the UK taxpayer are being paid to millionai...


FarmingUK
FarmingUK Logo

FarmingUK

Labour will end the badger cull and prioritise ending bovine TB, Shadow Def...


FarmingUK
FarmingUK Logo

FarmingUK

A herd of rare White Park cattle could die out if its owners do not urgentl...


FarmingUK
FarmingUK Logo

FarmingUK

The UK government is "failing" to support farmers in the long-term accordin...


FarmingUK
FarmingUK Logo

FarmingUK

Retailer Co-op has announced that from May 2017 all of its bacon and lamb w...


FarmingUK
FarmingUK Logo

FarmingUK

Over 50 wildlife organisations have compiled a stock-take of all the UK's n...


FarmingUK
FarmingUK Logo

FarmingUK

In the run up to the EU farm ministers meeting the agricultural sector have...


FarmingUK
FarmingUK Logo

FarmingUK

The RPA must iron out a number of problems that still exist with 2015 BPS p...


FarmingUK
FarmingUK Logo

FarmingUK

Tourism businesses in the countryside are being held back due to the uncert...


FarmingUK
FarmingUK Logo

FarmingUK

A 24 point action plan aimed at revitalising Scotland's sheep sector after ...


closeicon
Username
Password