BASF to Acquire Biological Insect Control Solutions Group

BASF is acquiring AgBiTech, a company that specializes in biological insect control solutions. A deal was made with the private equity firm Paine Schwartz Partners and the purchase is expected to close in the first half of this year. AgBiTech is headquartered in Fort Worth and has pioneered the use of technology that develops insect control solutions based on naturally occurring viruses. The company has operations in the U.S., Brazil and Australia.