Bayer Acquisition of Aventis CropScience Finalized; Bayer Environmental Science, North America to Serve Professional and Consumer Specialty Markets.Business Editors MONTVALE, N.J. & KANSAS CITY Kansas City, two adjacent cities of the same name, one (1990 pop. 149,767), seat of Wyandotte co., NE Kansas (inc. 1859), the other (1990 pop. 435,146), Clay, Jackson, and Platte counties, NW Mo. (inc. 1850). , Mo.--(BUSINESS WIRE)--June 5, 2002 The acquisition of Aventis CropScience by Bayer AG Bayer AG German chemical and pharmaceutical company. Founded in 1863 by Friedrich Bayer (1825–1880), it now operates plants in more than 30 countries. Bayer has originated scores of pharmaceuticals, chemicals, and synthetic materials; it was the first developer and was finalized on June 4, 2002, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Bayer officials. The acquisition leads to the creation of Bayer CropScience, which consists of three business groups - Crop Protection, Bio Science, and Environmental Science. The Environmental Science group combines the activities of Aventis Environmental Science, Bayer Garden & Professional Care, and Bayer Environmental Health, and will be organized into two separate business units - Professional Products and Consumer Products. The Professional Products unit of Bayer Environmental Science, North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. will offer a complete line of insecticides, herbicides and fungicides This page aims to list well-known chemical compounds, to stimulate the creation of Wikipedia articles. This list is not necessarily complete or up to date – if you see an article that should be here but isn't (or one that shouldn't be here but is), please update the page to the Green Industry, encompassing turf and ornamental management, vegetation management, and forestry; the Professional Pest Management Industry, including professional termite termite or white ant, common name for a soft-bodied social insect of the order Isoptera. Termites are easily distinguished from ants by comparison of the base of the abdomen, which is broadly joined to the thorax in termites; in ants, there is and general pest control; and the Vector Control Industry, including mosquito control. Josh Weeks, former Vice President of Aventis Environmental Science's Chipco Professional Products group, will head this new unit. The Consumer Products unit of Bayer Environmental Science, North America will serve the consumer do-it-yourself market, and includes the Bayer Advanced(TM) family of insecticides, herbicides, fertilizers and combination products for lawn, garden, and home pest control. Also included in this unit is the sale of active ingredients for third party branded consumer products. Dr. Ulrich (Bob) Trogele, former President of Aventis Environmental Science North America, will head this unit. "North America represents the single most important market for the sale of specialty products," comments Pascal Housset, Worldwide Head of Bayer Environmental Science. "This new, dynamic organization provides a structure that will ultimately enhance our position within the North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. professional and consumer markets." Operations of the two former companies will continue in parallel during the integration process. Likewise, the Bayer and Aventis Environmental Science sales groups will remain in place until later this year, when a combined field structure will be announced. Bayer Environmental Science is a member of the worldwide Bayer Group, a $27 billion international health care and chemicals group based in Leverkusen, Germany. The Bayer Group stock is a component of the DAX and is listed on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. (ticker symbol Ticker Symbol An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors : BAY). For more information on Bayer Environmental Science, contact Renee' Holmes, Communications Manager, at (816) 242-4711, or visit online at www.BayerES.com. Forward-Looking Statements This news release contains forward-looking statements based on current assumptions and forecasts made by Bayer Group management. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. These factors include those discussed in our public reports filed with the Frankfurt Stock Exchange Frankfurt Stock Exchange The largest of Germany's eight securities exchanges, operated by Deutsche Borse AS. and with the U.S. Securities and Exchange Commission (including our Form 20-F). The company assumes no liability whatsoever to update these forward-looking statements or to conform them to future events or developments. |
|
||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion