You may also like Taking Stock | Under the Dome | Crosstown Traffic
News
Web Search powered by YAHOO!
.biz
This is your window into the world of Triangle business. It's the source for news on local companies and people who keep capitalism moving. It's your exclusive tip sheet on deals, squabbles and the whimsy that makes this region's industries interesting.
The blog is maintained by the reporters and editors of the N&O business staff, including Alan M. Wolf, Sue Stock, David Ranii, John Murawski and Mary Cornatzer.
Bayer CropScience to buy RTP's Athenix
Submitted by AlanMWolf on 08/19/2009 - 09:13
Bayer CropScience agreed to acquire Athenix, a Research Triangle Park biotechnology company developing genetically engineered corn and soybean.
Athenix was founded in 2001 and has about 65 employees. Terms of the deal announced this morning weren't disclosed. More details will likely be announced when the deal wins regulatory approval, probably in the next month.
Athenix's seeds are designed to be pest-resistant, so farmers don't have to use as much pesticide and herbicide.
Buying the company would bolster Bayer CropScience's presence in the biotech crop industry. Bayer CropScience announced in May that it will open a new research and development center in Morrisville, creating 128 jobs over five years.
The company, a division of the German conglomerate, already employs more than 400 at its North American headquarters in RTP. Bayer CropScience makes pesticides and other crop protection products.
About the blogger
Assistant Business Editor Alan M. Wolf joined the N&O in 1999 covering the business of health care. He became an editor in 2001, and helps oversee the paper's daily business coverage and Sunday Work&Money section. He lives in Clayton with his wife and two children. Reach him at 919-829-4572 or e-mail him.Want to post a comment?
In order to join the conversation, you must be a member of newsobserver.com. To register or to log in using your existing account, click here.Advertisements
