Bayer CropScience LP has purchased nearly 70 acres of land located next to its Research Triangle Park property on NC Hwy 147 to make space for future expansion at its headquarters.
"Bayer CropScience is committed to Research Triangle Park as its North American headquarters," says Jim Blome, president and chief executive officer of Bayer CropScience LP. "With this newly acquired property, we now have flexibility to expand our business and continue to develop innovative agricultural technologies to feed a hungry planet."
In July, the company completed construction on a $20 million, 60,000 square foot greenhouse facility which is used for soy, corn and other crop research. In addition the company recently announced plans to break ground in February on is North American Bee Care Center, a 6,600 square foot facility in RTP which will serve as a gathering place for researchers, bee experts, students and others to meet regularly with leading Bayer scientists. Company spokespersons say the company sees itself as an integral player in the growth and reputation of RTP. The company made the purchase from the Research Triangle Foundation.
"Over the years, Bayer CropScience has played an important role in the Research Triangle Park's research and development community," says Bob Geolas, chief executive officer of The Research Triangle Park. "The Foundation is happy to support Bayer as it continues to grow its presence and invest in the Park and what it stands for—innovation and economic growth. Biotech remains a focus for many of our companies here in RTP – and leaders like Bayer uphold our reputation as a R&D destination."
Bayer CropScience has annual sales of over 7 billion euros and is one of the world's leading crop science companies in the areas of seeds and innovative crop protection products based on chemical and biological modes of action. Its portfolio includes garden and forestry applications.