Secret Site Map
Sunday, May 24, 2015

Home News BASF to Acquire Becker Underwood

BASF to Acquire Becker Underwood

News Coverage

The deal helps BASF strengthen its global crop protection business. Pictured is BASF's Dr. Andreas Kreimeyer.

| September 20, 2012

LUDWIGSHAFEN, Germany — BASF plans to acquire Becker Underwood for a price of $1.02 billion. The company, headquartered in Ames, Iowa, is one of the leading global providers of technologies for biological seed treatment, seed treatment colors and polymers, as well as products in the areas of biological crop protection, turf and horticulture, animal nutrition and landscape colorants and coatings. Becker Underwood has 10 production sites worldwide and 479 employees. BASF came to an agreement with Norwest Equity Partners (NEP) to acquire Becker Underwood which has been a portfolio company of NEP since 2004. The purchase is subject to approval by the responsible authorities and legal closing of the transaction is expected by the end of 2012.

“We are impressed with Becker Underwood’s ability to translate growers’ needs into innovative, tailor-made solutions that can promote higher yields while conserving resources. Becker Underwood is to become part of BASF and we are excited that together with our new colleagues we can continue expanding our competencies. Particularly in the rapidly-growing seed treatment market, we will be able to develop innovative solutions for agriculture,” said Dr. Andreas Kreimeyer, research executive director and member of BASF’s Board of Executive Directors responsible for the Agricultural Solutions segment.

Becker Underwood is expected to achieve sales of $240 million for fiscal year 2012, ending on Sept. 30. As part of the acquisition, BASF’s Crop Protection division will create a strategic global business unit called Functional Crop Care. The unit will merge BASF’s existing research, development and marketing activities in the areas of seed treatment, biological crop protection, plant health, as well as water and resource management with those of Becker Underwood. Becker Underwood’s animal nutrition business will be integrated into BASF’s Nutrition & Health division.

“Becker Underwood has a strong position in North America. We will continue to expand this core business as we expand globally. Together we can sustainably create value for our customers,” said Markus Heldt, president of BASF’s Crop Protection division. “We are thrilled at the prospect of working with the highly-qualified employees at Becker Underwood as we continue to develop our combined businesses.”

“Over the past years, Becker Underwood has established itself as an innovative provider of solutions for agriculture,” said Dr. Peter Innes, chief executive officer of Becker Underwood. “Strengthened by the power of BASF’s research capabilities as well as its existing portfolio of solutions, we will be able to develop and globally market new types of solutions for growers.”

Upon receiving the necessary legal approvals, the majority of Becker Underwood’s business will be integrated into BASF’s Crop Protection division.

Top news

Fastest Growing U.S. Cities in West And South, Census Bureau Reports

Most cities with populations above 100,000 in those regions grew significantly between 2000 and 2010, and 2010 and 2013, according to the bureau's report, which was released last week.

New Bee Survey Released

Losses of managed honey bee colonies were 23.1 percent for the 2014-2015 winter but summer losses exceeded winter numbers for the first time, making annual losses for the year 42.1 percent, according to preliminary results of the annual survey conducted by the Bee Informed Partnership, the U.S. Department of Agriculture (USDA) and the Apiary Inspectors of America.

Terminix Announces Top Mosquito Cities Based on Twitter Complaints

According to research by Terminix, the worst whining about mosquitoes came from Goodland, a small town in the northwest corner of Kansas. Terminix searched through approximately 200 billion tweets posted in 2014 to determine which United States city is most pestered by mosquitoes.

White House Releases Pollinator Action Plan

The Strategy, released last week, and its accompanying science-based Pollinator Research Action Plan outline needs and priority actions to better understand pollinator losses and improve pollinator health. These actions will be supported by coordination of existing Federal research efforts and accompanied by a request to Congress for additional resources to respond to the pollinator losses that are being experienced.

Legislative Day Video Coverage

More than 325 pest control industry professionals traveled to our nation’s capital in March for NPMA Legislative Day 2015, lead-sponsored by FMC Professional Solutions. In the day-plus of activities, PCOs attended sessions on important industry-related issues and heard from prominent national speakers before heading to Capitol Hill to meet with their congressional representatives. In addition to news articles, PCT’s coverage includes video interviews.

x