Announced
Completed
Financials
Sources
Tags
Private
coatings business
Acquisition
Single Bidder
Cross Border
Farming Fishing Ranching and Plantations
Completed
France
Majority
Friendly
Synopsis
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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