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Business

Bayer Acquires Pest Control Firm Prophyta

by Melody M. Bomgardner
January 14, 2013 | APPEARED IN VOLUME 91, ISSUE 2

Bayer CropScience has agreed to acquire Prophyta, which has developed microbial products to protect fruits and vegetables from nematodes and Sclerotinia fungal diseases. The company has also designed a specialized solid-state fermenter for growing large quantities of fungal biomass. In addition to the technology, Bayer will obtain the company’s headquarters in Malchow on the island of Poel in Mecklenburg-Vorpommern, Germany, along with the company’s research and production facilities in Wismar, Germany. The acquisition will add to Bayer’s growing portfolio of biological pest control products, a market it expects to reach $4 billion globally by 2020. In 2012, the firm purchased AgraQuest for $500 million.

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