Acquisition Details
BASF Agricultural Solutions has agreed to acquire AgBiTech from Paine Schwartz Partners and other shareholders. The acquisition includes all assets, intellectual property, manufacturing operations, R&D facilities, and personnel. The transaction is expected to close in the first half of 2026, pending regulatory approval. Financial and commercial terms have not been disclosed.
AgBiTech's Expertise
Founded in 2000 and based in Fort Worth, Texas, AgBiTech is known for its use of nucleopolyhedrovirus (NPV) technology. This technology develops insect control solutions using naturally occurring viruses. The company operates in Brazil, the United States, and Australia, serving farmers of soybean, corn, cotton, and specialty crops.
Strategic Importance
The acquisition aims to enhance BASF's BioSolutions portfolio, particularly in Brazil, a rapidly growing market for biological crop protection. AgBiTech's technology addresses challenges posed by yield-robbing insects, such as lepidoptera caterpillars, offering an additional solution for farmers.
