Bayer acquires CCGL seed business
Bayer CropScience has acquired the seed business of the Brazilian agricultural operation, Cooperativa Central Gaúcha (CCGL - Cruz Alta). The deal, agreed between the companies last month, has been approved by the competition authority, the Cade. The business is focused on research and development on soybeans, wheat and feed crops, and is part of a group incorporating three business areas. It has germplasm adapted to Brazilian growing conditions. Bayer rates the move as “strategic to its Brazilian plans”. It has made several seed company acquisitions in the past four years in Brazil and neighbouring countries. The company has recently bought Granar of Paraguay, as well as the germplasm bank of Agropastoril Melhoramento, the soybean companies, Wehrtec and SoyTech, the plant breeding technology of CVR (all in Brazil), and of FN Semillas in Argentina.