BASF has completed the acquisition of Becker Underwood from Norwest Equity Partners, a U.S.-based private equity investment company, for a purchase price of US$1.02 billion. With the acquisition, BASF is now a leading global provider of technologies for biological seed treatment as well as seed treatment colorants and polymers. Norwest Equity Partners is a U.S.-based private equity investment company.
“The acquisition fits very well with our long-term growth strategy. It will provide our customers with an even broader range of innovative solutions for agriculture. And it also provides our new colleagues with access to BASF’s global R&D platform as well as new markets and customers,” said member of BASF’s Board of Executive Directors responsible for the Agricultural Solutions segment and Research Executive Director, Andreas Kreimeyer.
In the coming months, a detailed integration plan will be developed by a joint team of BASF and Becker Underwood employees.
