AGCO, Ag-Chem: a done deal

Article Abstract:

AGCO Corp has acquired Ag-Chem Equipment, solidifying its leadership in the farm chemical applicator market. AGCO will shut down its manufacturing facility in Willmar, MN, and transfer production operations and that of Ag-Chem's Lor-Al brand to Ag-Chem's facility in Jackson, MN. The company will also close another facility in Benson, MN, and its administrative office in Minnetonka, MN. AGCO said as many as 330 employees would be laid off because of the plant closures.

Acquisitions & mergers, Farm Machinery and Equipment Manufacturing, Farm machinery and equipment, Farm & Garden Equipment, Planting & Fertilizing Equip, Agricultural equipment, AG, AGCO Corp. (Duluth, Georgia), Ag-Chem Equipment Company Inc., AGCH

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Aventis may shed AG unit

Article Abstract:

Aventis SA is planning to split off its crop protection division, to be renamed Agreva, by yearend 2001. The options include an initial public offering and a sale to a single buyer. However, any transaction may be blocked by Schering AG, a minority stockholder. Schering has the ability to veto major decisions since it owns 24% of Aventis stock. One Schering concern is the public's wariness of genetically modified crops, especially Aventis' own StarLink corn.

All Other Industrial Machinery Manufacturing, Fertilizer & Ag Chemicals Equip, Agricultural chemicals, Chemical processing equipment

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US: L'OREAL TAKES OVER BIOMEDIC BRAND

Article Abstract:

In Arizona, BioMedic's product line and brand, which did belong to CosMedic Concepts has now been taken over by L'Oreal, which is located in Clichy

Toiletries, Toilet Preparation Manufacturing, Toilet preparations, Toiletries industry

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