M&A Deal Summary

Bayer CropScience AG Acquires Abbott & Cobb - Watermelon and Melon Seed Business

On July 2, 2012, Bayer CropScience AG acquired agriculture company Abbott & Cobb - Watermelon and Melon Seed Business from Abbott & Cobb for 43M EUR

Acquisition Highlights
  • This is Bayer CropScience AG’s 4th transaction in the Agriculture sector.
  • This is Bayer CropScience AG’s 4th largest (disclosed) transaction.
  • This is Bayer CropScience AG’s 4th transaction in the United States.
  • This is Bayer CropScience AG’s 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2012-07-02
Target Abbott & Cobb - Watermelon and Melon Seed Business
Sector Agriculture
Buyer(s) Bayer CropScience AG
Sellers(s) Abbott & Cobb
Deal Type Divestiture
Deal Value 43M EUR

Target

Abbott & Cobb - Watermelon and Melon Seed Business

Feasterville, Pennsylvania, United States
Abbott & Cobb, Inc. - Watermelon and Melon Seed Business is a producer of vegetable seed.

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Buyer(S) 1

Buyer

Bayer CropScience AG

Monheim am Rhein, Germany
Category Company
Sector Agriculture
DESCRIPTION

Bayer CropScience AG is a crop science company in the areas of seeds, crop protection, and non-agricultural pest control.

DEAL STATS #
Overall 6 of 9
Sector (Agriculture) 4 of 5
Type (Divestiture) 2 of 2
State (Pennsylvania) 1 of 1
Country (United States) 4 of 5
Year (2012) 1 of 2
Size (of disclosed) 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-10-11 Raps GbR

Grundhof, Germany

Raps GbR is an operator of oilseed rape breeding,

Buy €26M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-08-16 AgraQuest

Davis, California, United States

Agraquest is a leading developer of biopesticides. Agraquest leverages its proprietary screening technology and microorganism database to discover, develop, manufacture and market safe and effective natural pest management products for agricultural and other markets. Mr. Pasquesi serves as a director of Agraquest.

Buy $425M

Seller(S) 1

SELLER

Abbott & Cobb

Feasterville, Pennsylvania, United States
Category Company
Founded 1917
Sector Agriculture
DESCRIPTION

Abbott & Cobb, Inc. is an independent breeder, producer, and marketer of vegetable seed.

DEAL STATS #
Overall 1 of 1
Sector (Agriculture) 1 of 1
Type (Divestiture) 1 of 1
State (Pennsylvania) 1 of 1
Country (United States) 1 of 1
Year (2012) 1 of 1
Size (of disclosed) 1 of 1
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