Bayer CropScience announced today the completion of its purchase of Prophyta GmbH, a leading supplier of microbial crop protection products headquartered in Malchow on the island of Poel in Mecklenburg-Vorpommern, Germany. The acquisition, which includes Prophyta´s product portfolio, R&D laboratories, production and formulation facilities, reflects Bayer CropScience’s strategic commitment to lead the way in innovation.
For Bayer CropScience, this acquisition is an important investment decision towards building a leading biologics technology platform. “Prophyta´s patented technology platform significantly boosts Bayer CropScience´s ability to offer growers worldwide novel technology and complete agricultural solutions,” said Dr. Rüdiger Scheitza, Member of the Board of Management of Bayer CropScience AG and Head of Strategy & Business Management.
Prophyta, founded in 1992, provides customers well-established products primarily based on biological control agents. For example, its nematicide BioAct™ is available in 10 countries. Prophyta has developed a unique solid-state fermentation technology for production and bioprocess development of filamentous fungi. The company employs a total staff of approximately 30 full-time employees.
About Bayer CropScience
Bayer is a global enterprise with core competencies in the fields of health care, agriculture and high-tech materials. This year the company is celebrating 150 years of Bayer – consistent with its mission “Bayer: Science For A Better Life”. 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 world’s leading innovative crop science companies in the areas of seeds, crop protection and non-agricultural pest control. The company offers an outstanding range of products including high value seeds, innovative crop protection solutions based on chemical and biological modes of action as well as an extensive service backup for modern, sustainable agriculture. In the area of non-agricultural applications, Bayer CropScience has a broad portfolio of products and services to control pests from home and garden to forestry applications. The company has a global workforce of 21,000 and is represented in more than 120 countries. This and further news is available at: www.press.bayercropscience.com.
Find more information at www.bayercropscience.com.
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