Chemtura Buys Seed Business

The seller is Bayer CropScience.
Author:
Publish date:

Chemtura

(CEM) - Get Report

, the Middlebury, Conn.-based specialty chemicals manufacturer, is acquiring the Trace Chemicals crop protection business from the German chemical company

Bayer CropScience LP

.

Terms for the purchase were not disclosed.

The acquisition, which will be effective immediately, includes the Trace seed treatment product line and a 14-person formulation operation in Pekin, Ill. Apart from this, Chemtura said it will also have access to certain Bayer CropScience active ingredients, registrations and trademarks.

"This is a strategic acquisition for our Crop Protection business," said the company. "The acquisition of Trace expands our offerings in this important niche market by providing immediate access to a high-quality product portfolio."

This story was created through a joint venture between TheStreet.com and IRIS.