Bayer sells Bayer Garden, Bayer Advanced to SBM Developpement

RESEARCH TRIANGLE PARK, N.C. (May 19, 2016) – Bayer and SBM Développement (SBM) today announced the signing of an agreement for the sale of the Consumer business of the Bayer Environmental Science unit to SBM. The Consumer business encompasses the Bayer Garden and Bayer Advanced businesses in Europe and North America. The financial terms of the transaction were not disclosed.

Bayer Garden and Bayer Advanced provide home and garden products for hobby gardeners and homeowners. SBM is a leader in the home and garden market in France and develops, formulates and produces crop and non-crop solutions for professionals and consumers.

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The transaction is expected to close in October 2016, at which time all employees holding one of the almost 250 positions dedicated to the Bayer Garden and Bayer Advanced businesses in Europe and North America will transfer to SBM, provided all necessary regulatory approvals and customary closing conditions are fulfilled. Until the closing, Bayer Garden and Bayer Advanced will continue to operate as part of Bayer, with no impact on their ongoing business operations or product portfolios as a result of the pending sale.

At the closing, the entire product portfolios of Bayer Garden and Bayer Advanced, as well as all their current R&D projects, will transfer to SBM. Bayer stands behind the safety and efficacy of all Bayer Garden and Bayer Advanced products in the market today. Bayer and SBM will work together to prepare the business and employees for a seamless transition upon the closing.

Bayer Garden and Bayer Advanced are part of Environmental Science, a business unit of the Crop Science division that offers weed and pest control products for professionals and consumers. The turnover of the Environmental Science unit in 2015 was EUR 819 million, to which the Bayer Garden and Bayer Advanced businesses contributed EUR 239 million.

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