The acquisition of the U.S.-based Florasynth Group two years ago was a major step in this direction. This is a business with fine employees and excellent assets, but which no longer fits with our future strategic direction.
Foreign sites affected are in England, Columbia, Brazil and Mexico.
Employees were informed earlier today of the decision to divest the Food Ingredients business. Additional communications, including more detailed meetings with affected employees, are also planned. Bayer Corporation is a research-based company with major businesses in life sciences, chemicals and imaging technologies.