Bayer

History

Friedrich Bayer and Johann Friedrich Weskott established a dyestuffs factory in Barmen on August 1, 1863. The joint stock company Farbenfabriken vorm. Friedr. Bayer & Co. was established on July 1, 1881 by the descendants of Bayer and Weskott . Bayer was re-established as Farbenfabriken Bayer AG in 1951 and changed its name to Bayer AG in 1972. In 1995 the U.S. subsidiary Miles Inc. was renamed Bayer Corporation, while Canadian subsidiary Miles Canada Inc. was renamed Bayer Inc. Today, Bayer is a global enterprise with core competencies in the fields of health care, nutrition and high-tech materials.

Mission

The mission statement of Bayer Group is: “We have set our course for the future”. The slogan of Bayer Group is: “Bayer: Science For A Better Life”.

Area of Operation

The businesses of Bayer are:

• Health Care
• Nutrition
• High-tech materials

Key Statistics

• Bayer holds assets of $49.62 billion.
• Bayer has made profits of $0.82 billion in 2006.
• Bayer operates in Europe, North America, Asia, Pacific, Latin America, Africa and Middle East.
• Bayer has 113,000 employees.

Organization

The organization consists of:

• Group Management Board
• Supervisory Board
• Corporate Centre
• Subgroups
• Service Companies

All the subgroups and service companies of Bayer operate independently under the leadership of the management holding company Bayer AG. The dual governance system consists of the governance bodies Board of Management and Supervisory Board.

International Ranking

• Bayer ranks 202 in the world according to Forbes Magazine list.
• Bayer ranks 163 in Fortune Global 500 list.

Subsidiary Units

• The subgroups of Bayer looking after its business operations are:
• Bayer HealthCare AG
• Bayer CropScience AG
• Bayer MaterialScience AG

The three service companies of Bayer handling service functions are:

• Bayer Business Services GmbH
• Bayer Technology Services GmbH
• Bayer Industry Services GmbH & Co. OHG

Recent Acquisition

• Bayer CropScience acquired California Planting Cotton Seed Distributors (CPCSD), and Reliance Genetics LLC,
• Harlingen, Texas in December, 2006.
• Bayer acquired Schering AG in March, 2006.
• In January, 2006 Bayer Innovation GmbH acquired biotech company Icon Genetics AG.
• Bayer largely completed the acquisition of the Roche OTC business in January, 2005.
• Bayer acquired Aventis CropScience in 2001.
• Acquisition of the polyols business of Lyondell Chemical Company, United States, occurred in 2000.

Headquarter Address

Kaiser Wilhelm Allee,
D-51368 Leverkusen
Germany
Phone: 49-214-301
Website URL: www.bayer.com