Bayer CEO Plans to Grow Animal Health Sector

Apr 13, 2016

Bloomberg

Bayer AG’s Werner Baumann, soon to take over as CEO, voiced his plans to bolster the company’s smallest unit -- animal health -- with acquisitions and partnerships, according to a Bloomberg article.

“We would really, really like to strengthen our animal health business,” Baumann told reporters at a briefing in Leverkusen, Germany. “The animal health business is a business that, for many years, we have been trying to start, to start strategically, which means inorganically, that is still our goal.”

Revenue at the unit, $1.71 billion last year, will probably grow only “slightly” this year, the article said.

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