BASF finalise purchase of Bayer’s vegetable seeds business
The Germany-based chemical company, BASF, has completed the purchase of Bayer’s global vegetable seeds business which operates under the brand Nunhems.
The vegetable seeds firm comprises 24 crops from approximately 2,600 types as well as an established research and development and breeding systems, which includes more than 100 unique breeding programmes from over 15 crops.
It is expected that the acquisition of Nunhems will enable BASF to become more attractive to farmers and will see its seed platform strengthen considerably.
BASF has started to prioritise their recently upgraded Agricultural Solutions portfolio, which includes seeds and traits, chemical and biological crop protection, soil management, plant health, pest control and digital farming.
In a press release, a spokesperson for BASF said: “With a rapidly growing population, the world is increasingly dependent on our ability to develop and maintain sustainable agriculture and healthy environments.”
“Working with farmers, agricultural professionals, pest management experts and others, it is our role to help make this possible.”
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“That’s why we invest in a strong research and development pipeline and broad portfolio, including seeds and traits, chemical and biological crop protection, soil management, plant health, pest control and digital farming.”
The closing of the deal completes BASF’s acquisition of a number of businesses and assets that the company has closed recently.
It is thought that the firm’s combined 2017 sales reached €2.2bn.