BASF Acquires Becker Underwood
BASF has completed the acquisition
of Becker Underwood from Norwest Equity
Partners, a United States-based private
equity investment company. With
the acquisition, BASF is now a leading
global provider of technologies for biological
seed treatment as well as seed treatment
colorants and polymers.
BASF has also expanded its product
portfolio in the areas of biological crop
protection, turf and horticulture, animal
nutrition and landscape colorants and
“The acquisition fits very well with
our long-term growth strategy. It will provide
our customers with an even broader
range of innovative solutions for agriculture,”
said Dr. Andreas Kreimeyer, member
of BASF’s Board of Executive Directors
responsible for the Agricultural
Solutions segment and Research Executive
In the coming months, a detailed integration
plan will be developed. Most
businesses of Becker Underwood will join
the newly established Functional Crop
Care as part of BASF’s Crop Protection
division. Within this new unit, BASF will
merge its existing research, development
and marketing activities in the areas of
seed treatment, biological crop protection,
plant health, as well as water and resource
management with those of Becker
The newly formed global Functional
Crop Care unit will become effective Jan.
1, 2013. It will be headed by Dr. Juergen
Huff, Senior Vice President.
Dr. Peter Innes, currently CEO of
Becker Underwood, has accepted the position
of Global Senior Advisor to the
Crop Protection division and will support
the integration of Becker Underwood
into BASF and the implementation
of the Functional Crop Care unit.
Further information on BASF is available
on the Internet at www.basf.com.
Novosymes Acquires Natural Industries
Novozymes has signed an agreement to
acquire Natural Industries Inc., a Houston-
based bioagricultural company with
annual revenues of $5 million.
“I am excited to have Natural Industries
join our growing BioAg business.
Natural Industries expands Novozymes’
position in the important biocontrol segment
and improves our capabilities to
grow our business in key U.S. markets
on high-value crops,” says Thomas Videbaek,
executive vice president of
Novozymes and head of BioBusiness.
Biological technologies are natural solutions
with multiple modes of actions
used to improve plant health and growth
or combat diseases across various crops
such as corn and soy and high value crops
such as salads, strawberries and nuts.
The biological solutions complement
the use of traditional chemicals and pesticides,
which have a world market worth
of $150 billion. By contrast, the emerging
bioagriculture market is estimated to
be worth about $1 billion with an annual
growth rate of 10 to 15 percent.
For more information, visit their Web
site at www.novozymes.com.