Solvay and Bayer have announced the closing of Solvay’s previously announced acquisition of Bayer’s global coatings business, with facilities in Méréville, France, and tolling operations in the U.S. and Brazil. The business is recognized globally for seed coating and seed enhancement products such as Peridiam, fluency powders, Certop, Pro-Ized Pigment, and Talkum, and its research and development capabilities for on-seed formulations. The Méréville facility’s entire product portfolio, R&D projects and the business line’s international tolling operations are now fully transferred to Solvay.
“This acquisition continues Solvay’s strategy to strengthen our range of sustainable, bio-based solutions for agricultural customers, fully aligned to our G.R.O.W. strategy,” commented Michael Radossich, president of Solvay’s Novecare business unit. “We are proud to welcome the legacy Bayer SeedGrowth coatings team to our Solvay agricultural specialties family.”
“For Bayer, the choice of Solvay as the owner of this business was a strategic one,” said Ralf Glaubitz, Head of Asset Management of Bayer’s global SeedGrowth business. “The divestment allows us to reinvest in other priority areas within our crop science division, while enabling Solvay to bring the long-term potential of the global seed coatings business to fruition.”
Solvay will remain a strategic partner for Bayer’s seed activities thanks to exclusive supplier status for film-coating to be used for Bayer SeedGrowth products on Bayer seeds for a period of at least five years.
Read the complete article at www.european-seed.com.
