Norwest Equity Partners Exiting Becker Underwood in $1B Deal
September 21, 2012
Norwest Equity Partners has agreed to sell its portfolio company Becker Underwood to BASF for $1.02 billion. Becker Underwood provides yield-improving seed-applied biological products for the agricultural sector. The company's products include bio-fungicides, bio-insecticides, inoculants, seed coatings, and landscape colorants and coatings. NEP has backed Becker Underwood since 2004.