Bayer AG - Annual Report 2006 - Acquisitions strengthen U.S. cottonseed business

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Acquisitions strengthen U.S. cottonseed business

Monheim – In December 2006, Bayer CropScience purchased the assets of California Planting Cotton Seed Distributors (CPCSD), Bakersfield, California, and, separately, those of Reliance Genetics LLC, Harlingen, Texas, for a total of about US$ 20 million. These transactions advance the company’s strategy in expanding its cotton seed business and accessing new markets. Acquisition of the seed production and processing capabilities of CPCSD now gives Bayer CropScience a dedicated facility in the western United States. Reliance Genetics runs a specialized cotton breeding program that ideally complements Bayer CropScience’s current info