Bayer CropScience Acquires Germplasm Assets
12 March 2012 Bayer CropScience recently purchased the germplasm assets of ProSoy Genetics, the soybean breeding division of privately-held Thompson Agronomics based in Leland, Iowa.
The acquisition broadens the maturity range of soybean germplasm available to Bayer’s existing breeding efforts, and also provides a vehicle for delivering Bayer’s LibertyLink and other desirable traits into the Midwest marketplace. The company has a robust research and development pipeline including herbicide-tolerance and insect and nematode resistance programs specific to soybeans.
“Bayer CropScience is pleased about the opportunity to bring the excellent germplasm assets of ProSoy into our expanding soybean breeding program,” said Dr. Mathias Kremer, head of the business unit BioScience of Bayer CropScience in a statement. “This move strengthens our position as a provider of both soybean germplasm and traits, and helps us in our quest to deliver tailored, high-performance solutions to farmers across the soybean growing regions of the United States that help them address the critical productivity challenges facing them today and into the future.”
Soybean is a strategically important crop for Bayer CropScience. In recent years, the company has made significant investments to expand its soy business, including the acquisition of Hornbeck Seeds.
Financial details were not disclosed.
Source: Bayer CropScience, Edited by Stefanie A. Toth, Online Editor
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