Bayer To Acquire U.S.-Based Hornbeck Seed Company

Bayer CropScience has entered into an agreement to purchase Hornbeck Seed Company (HBK), a privately-held company headquartered in DeWitt, Ark., U.S.. Hornbeck is a seed company supplying soybean, rice, and wheat varieties in the southern U.S.-market, with an in-house soybean breeding program and proprietary soybean germplasm. Bayer CropScience will acquire the seed businesses and gain access to quality soybean germplasm for future variety and trait development. Financial details were not disclosed.