Sale of Bayer's household insecticides business
Bayer and SC Johnson have signed Letter of Intent
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Leverkusen, October 16, 2002 - Bayer AG and SC Johnson have signed a letter of intent with regard to the sale of Bayer AG's household insecticides business. Bayer aims to complete the sale by the end of 2002. Comprising mainly the successful Baygon® insecticide and Autan® repellent brands, which hold leading positions in their market segments, the business has annual sales of some EUR 400 million.
In March 2002 Bayer AG announced that the household insecticides business would be sold to enable its Consumer Care Business Group to concentrate on its business in non-prescription health care products.