Bayer to sell household insecticides unit. (Industry News).* 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 , Leverkusen, Germany agreed to sell its household insecticides insecticides, chemical, biological, or other agents used to destroy insect pests; the term commonly refers to chemical agents only. Chemical Insecticides and air freshener air freshener n → ambientador m air freshener air n → désodorisant m air freshener air n → business to S.C. Johnson & Son Inc. for approximately $734.4 million. The agreement comes less than a month afteer Bayer signed a letter of intent to sell the household insecticides business to S.C. Johnson, whose brands include insect repellent insect repellent, substance applied to the skin in order to provide protection against biting insects, primarily mosquitoes, ticks, chiggers, fleas, and certain flies. OFF!, Raid bug spray and Ziploc plastic bags. The deal will give Racine, WI-based S.C. Johnson worldwide rights to such brands as Baygon, Autan, Baclin and Bayfresh. Under the terms of the agreement, the company will purchase Bayer's household insect control and repellent re·pel·lent adj. Capable of driving off or repelling. n. A substance used to drive off or keep away insects. repellent able to repel or drive off; also, an agent that repels. Refers usually to insect repellent. business and other household specialty brands, which had combined sales in 2001 of $405 million, executives said. Bayer will retain the active ingredients used in the insecticides andd supply them to S.C. Johnson on a nonexclusive basis. So far this year, Bayer has sold its company housing units, its interest in Agfa-Gevaert NV, its generics business in France and Spain and its noncore fragrances and flavors business, Haarman & Reimer, for $1.68 billion. |
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