On Air Now

Listen

Listen Live Now » 92.5 FM Sioux Falls, SD

Weather

Current Conditions(Sioux Falls,SD 57104)

More Weather »
36° Feels Like: 28°
Wind: SSE 12 mph Past 24 hrs - Precip: 0”
Current Radar for Zip

Tonight

Partly Cloudy 31°

Tomorrow

AM Clouds/PM Sun 66°

Sat Night

Mostly Clear 50°

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