Bayer to acquire Abbott & Cobb Inc. melon business
June 12, 2012 By Press release
June 12, 2012, Germany – Bayer CropScience announced that it has agreed to purchase the watermelon and melon seed business of Abbott & Cobb Inc., a privately-held seed company headquartered in Feasterville, Pa.
The acquisition will strengthen the vegetable seed business of Bayer CropScience, which operates under the Nunhems brand. Around 30 employees of Abbott & Cobb are expected to join the vegetable seed business of Bayer CropScience. Closing is expected within a few weeks. Financial details were not disclosed.
Abbott & Cobb markets watermelon in the U.S. with increasing business in Mexico, Australia and Asia. Abbott & Cobb will continue with its remaining business with crops such as sweet corn, pepper and squash.
“The demand for healthy fruits and vegetables is increasing worldwide, and this segment is of crucial importance for Bayer CropScience,” said Sandra E. Peterson, CEO of Bayer CropScience.
“We are excited to join forces with Bayer CropScience’s vegetable seeds organization with our watermelon and melon business – foremost because of its commitment to providing innovative solutions to vegetable growers throughout the world,” said Art Abbott, CEO of Abbott & Cobb. “Together we will build on the long tradition of our company offering high-quality products and excellent service.”
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