Monheim, Germany
Bayer CropScience has made a new acquisition. The company has agreed to purchase the watermelon and melon seed business of Abbott & Cobb Inc. Abbott & Cobb Inc is a privately-held seed company headquartered in Feasterville, Pennsylvania, USA. Bayer CropScience's acquisition will strengthen the vegetable business of Bayer CropScience. Around 30 employees of Abbott & Cobb are invited to join Bayer CropScience, according to a press release.
With Abbott & Cobb's strong watermelon position in the US with growing business in Mexico, Australia and Asia, this makes the acquisition a smart step for Bayer CropScience in the market.
Sandra Peterson, CEO of Bayer CropScience, stated, “The demand for healthy fruits and vegetables is increasing worldwide, and this segment is of crucial importance for Bayer CropScience. We plan to achieve sales of about EUR 3 billion with seeds, traits and crop protection solutions for fruits and vegetables by 2020. Our vegetable seed business is essential for this."
“We are excited to join forces with Bayer CropScience‘s vegetable seeds organization with our watermelon and melon business – foremost because of its commitment to providing innovative solutions to vegetable growers throughout the world. Together we will build on the long tradition of our company offering high-quality products and excellent service”, said Art Abbott, CEO of Abbott & Cobb.
Bayer CropScience
Companies in this Story
Abbott & Cobb
As the largest independent breeder, producer, and marketer of vegetable seed since 1917, Abbott & Cobb, Inc. serves…
Bayer
Bayer is with annual sales of about EUR 6.8 billion one of the world's leading innovative cropscience companies in…
