Bayer agrees seed firm takeover in Argentina


Agrochemicals giant Bayer CropScience has signed an agreement to acquire Biagro Group, a biological seed treatment producer with headquarters in Argentina.

The deal will allow Bayer to expand its soybean seed business in South America. Argentina and Brazil currently account for nearly 50% of global soybean production, and demand for soybean meal – which is used as a source of protein in animal feed – is on the rise.

Biagro produces seed inoculants, plant growth-promoting microorganisms and pest management products based on fungal and bacterial strains such as nitrogen-fixing Rhizobium. The firm employs around 140 staff and has production facilities in both Argentina and Brazil, where it is an established supplier to farmers.

Financial details of the takeover have not yet been disclosed.


Related Content

US drops restrictions on more GM seeds

22 September 2014 Business

news image

Dow's herbicide-resistant corn and soybeans spark renewed criticism from environmental campaigners

US supreme court rules in favour of Monsanto

22 May 2013 News and Analysis

news image

An Indiana farmer who was trying to replicate Monsanto-patented seeds infringed on the company’s intellectual property righ...

Most Commented

Countries ink Paris climate change agreement

27 April 2016 News and Analysis

news image

Nearly 200 countries signed the global climate treaty that aims to limit temperature rises to ‘well below’ 2°C

Shadow of Chernobyl

26 April 2016 Critical Point

news image

Mark Peplow takes the long view on the cost of nuclear power