BASF Group announced on September 20 that it plans to acquire Becker Underwood Inc. for US$1.02 billion (approximately 785 million euros). The purchase transaction is expected to be approved by the end of 2012.
Baker Underwood is a technology supplier of biological seed treatment and biological crop protection, lawn and horticulture, animal nutrition and landscape colorants products, and has 10 production bases worldwide. The company expects to achieve sales revenue of 240 million U.S. dollars in fiscal year 2012.
After the acquisition is completed, Baker Underwood's business will be integrated into BASF's Crop Protection Department, and its animal nutrition business will be integrated into the Nutrition and Health Department.
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