Bayer to acquire Prophyta
Bayer CropScience has agreed to acquire German biopesticide company Prophyta (Poel). The deal includes Prophyta’s R&D laboratories and its production and formulation facilities in Wismar, Germany. This is Bayer’s second foray into the biopecticides sphere within six months after acquiring US company AgraQuest in August ( Agrow No 646, p 2). The Prophyta deal is expected to close within a few weeks. Financial details have not been disclosed.