Research
Triangle Park, North Carolina
September 14, 2004
Bayer CropScience LP
has announced the establishment of a Seed Treatment Business
Unit within its U.S. Business Operations.
With its
recent purchase of Crompton Corporation’s 50 percent share of
Gustafson LLC, Bayer CropScience gained full ownership of the
Plano, Texas-based Gustafson. Bayer CropScience already held 50
percent of the joint venture. Gustafson is North America's
largest researcher, manufacturer and marketer of seed treatment
products and related equipment.
“We are very
excited about the integration of the Gustafson operations into
our company and anticipate a smooth transition as we take steps
to combine the seed treatment businesses of both organizations
into one unit,” said Bill Buckner, designated Head of U.S.
Business Operations for Bayer CropScience. “Our customers remain
our top priority as we continue this integration.”
The new
business unit will be responsible for business strategy,
portfolio management and seed company sales. Rick Turner,
currently the President of Gustafson, will head the new unit. It
will be located at the Bayer CropScience Region Americas
headquarters in
Research Triangle Park,
N.C.
Gustafson
business and R&D functions, which are located in Plano and
McKinney, Texas, respectively, will relocate to North Carolina.
This transition will take place over the next 12 months to
ensure no disruption to customer focus and supply, business
operations or research activities. Gustafson employs 221 people
in the
United States;
82 of those individuals currently work in
Plano and
McKinney.
According to
Buckner, the newly integrated seed treatment business will
incorporate the best of both organizations to
enhance Bayer CropScience’s ability to
offer solutions to growers. “The newly integrated business will
provide a strong development program, a complete portfolio and
strong technical support,” he said.
In addition,
Bayer CropScience will establish a Seed Technology Center with a
separate seed treatment research and development team focused on
support for seed treatment development, quality assurance and
formulation development. To ensure that R&D activities remain
close to the business, the Seed Technology Center also will be
located in Research Triangle Park.
Bayer CropScience LP is the U.S. business of Bayer CropScience,
which has its global headquarters in Monheim, Germany. Bayer
CropScience, a subsidiary of Bayer AG with annual sales of about
EUR 5.8 billion (2003), is one of the world’s leading innovative
crop science companies in the areas of crop protection,
non-agricultural pest control, seeds and plant biotechnology.
The company offers an outstanding range of products and
extensive service backup for modern, sustainable agriculture and
for non-agricultural applications. Bayer CropScience has a
global workforce of about 19,000 and is represented in more than
120 countries, ensuring proximity to dealers and consumers. |