On Air Now

Listen

Listen Live Now » 94.1 FM Jackson, Michigan

Weather

Current Conditions(Holt,MI 48842)

More Weather »
33° Feels Like: 27°
Wind: SW 6 mph Past 24 hrs - Precip: 0”
Current Radar for Zip

Today

Partly Cloudy 63°

Tonight

Showers Late 42°

Tomorrow

AM Showers 58°

Alerts

Bayer to acquire herbal medicine maker Steigerwald

A general view shows the annual general meeting of Bayer AG in Cologne April 27, 2012. REUTERS/Ina Fassbender
A general view shows the annual general meeting of Bayer AG in Cologne April 27, 2012. REUTERS/Ina Fassbender

FRANKFURT (Reuters) - Germany's largest drugmaker Bayer said it agreed to buy privately held Steigerwald Arzneimittelwerk GmbH, a maker of herbal treatments.

Bayer said on Thursday that Steigerwald, based in Darmstadt, Germany, generated sales of 61.3 million euros ($78.8 million) in 2012 with 180 staff. It did not disclose financial terms of the takeover.

($1 = 0.7775 euros)

(Reporting by Ludwig Burger)

Comments