Crystal Crop Protection Limited acquires Cotton, Mustard, Pearl Millet and Grain Sorghum hybrids from Bayer CropScience in India
Mumbai/Delhi, November 20, 2021: Crystal Crop Protection Limited, one of the leading R&D based crop solution companies in India, has entered into a definitive agreement with Bayer to acquire Cotton, Mustard, Pearl Millet and Grain Sorghum hybrids in India. Both organizations will work together to close the transaction by December 2021.
The business acquired by Crystal Crop Protection represents a very small portion of Bayer’s Indian and global business portfolio.
Commenting on the acquisition, N K Aggarwal, Chairman, Crystal Crop Protection Limited said, “Staying true to our vision of inspiring growth of Indian farmers, this acquisition is a step forward to provide high performance seeds for sustainable growth of Indian agriculture.”
With this acquisition, Crystal will become strong in its field crops seed business as it comes with powerful brands and R&D capabilities.
Sarjiwan Manhas, CEO, Seed Business, Crystal Crop Protection Limited further added, “These acquired crops have an excellent strategic fit in our seeds portfolio and will support us in improving our footprints in Indian seeds market.”
D. Narain, Senior Bayer Representative, South Asia and CEO & MD, Bayer CropScience Limited said, “While we have divested a small portion our business portfolio, Bayer remains fully committed to the long-term growth of Indian agriculture and will continue to bring next-generation technologies that drive agricultural productivity, enable farmer prosperity and promote sustainable agriculture”
Bayer CropScience will continue to drive the business until full transfer to Crystal Crop Protection Ltd.
Bayer is a global enterprise with core competencies in the life science fields of health care and nutrition. Its products and services are designed to help people and our planet thrive by supporting efforts to master the major challenges presented by a growing and aging global population. Bayer is committed to drive sustainable development and generate a positive impact with its businesses. At the same time, the Group aims to increase its earning power and create value through innovation and growth. The Bayer brand stands for trust, reliability and quality throughout the world. In fiscal 2020, the Group employed around 100,000 people and had sales of 41.4 billion euros. R&D expenses before special items amounted to 4.9 billion euros. For more information, please visit www.bayer.com.
About Crystal Crop Protection Ltd.
Crystal Crop Protection Ltd is a R&D based crop solution company with a wide range of crop protection, seeds and farm mechanization products. The company works closely with Indian farming community towards improving farm profitability & sustainability by offering seed to harvest solutions. It has integrated operations, from undertaking R&D to manufacturing and delivering products to farmers across India through extensive distribution network. For more information, please visit www.crystalcropprotection.com.
Communications, Bayer CropScience Limited
Corporate Communication, Crystal Crop Protection Limited
Email – email@example.com
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