Bayer completes AgraQuest acquisition
Bayer CropScience has completed its acquisition of the US biopesticide company, AgraQuest (Davis, California). The companies agreed on a deal last month including payment of $425 million plus milestone fees ( Agrow No 644, p 2). Bayer plans to expand existing manufacturing operations of “green products” at AgraQuest’s Tlaxcala site in Mexico. The company says that the acquisition will strengthen its fruit and vegetables operations, and its non-crop Environmental Science business.