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New Deal


Announced

Completed

Solvay completed the acquisition of the seed coating business of Bayer for €25m.

Financials

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Transaction Value£22m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

coatings business

Acquisition

Single Bidder

Cross Border

Farming Fishing Ranching and Plantations

Completed

France

Majority

Friendly

Synopsis

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Solvay, a Belgium-based producer of chemicals, plastics, and composites, completed the acquisition of the seed coating business of Bayer, a German multinational pharmaceutical and life sciences company, for €25m. “This acquisition continues Solvay's strategy to strengthen our range of sustainable, bio-based solutions for agricultural customers, fully aligned to our G.R.O.W. strategy. We are proud to welcome the legacy Bayer SeedGrowth coatings team to our Solvay agricultural specialties family,” Michael Radossich, Solvay's President of Novecare business unit.

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