Bayer USA
 |
|
| Subsidiary | |
| Industry | Pharmaceuticals, Plastics, Agricultural Chemicals |
| Founded | 1954 |
| Headquarters | Whippany, New Jersey, U.S. |
|
Area served
|
Nationwide |
|
Key people
|
Phillip Blake Senior Bayer Representative USA |
| Products | prescription medications over the counter drugs nutritional supplements diagnostic products animal health products crop protection products polyurethane raw materials plastics |
| Revenue |
 $13.4 billion USD (2013) €9.7 billion |
|
Number of employees
|
15,200 (2013) |
| Parent | Bayer |
| Website | www.bayerus.com |
Bayer Corporation (also known as Bayer USA) is the American subsidiary of Bayer AG. Its main offices are located in Whippany, New Jersey. In addition it has 40 fully consolidated subsidiary companies located in 19 different states.
Bayer AG began marketing in the United States soon after the company's inception in Germany. In the late 1800s, they began to sell their trademark medication, aspirin. While the name "aspirin" became synonymous with Bayer for over a quarter of a century, the company lost the trademark on the name in the United States during World War I, due to the company's German origin. The word is still trademarked in other countries.
In 1954, Bayer AG and Monsanto reached an agreement for establishment of a joint venture that was to be called Mobay. Initially established in St. Louis, Mobay established its headquarters in Pittsburgh, Pennsylvania in 1958, moving to its present location adjacent to Interstate 376 in 1960. A polyurethanes manufacturing site in New Martinsville, West Virginia began operation in 1955.
In 1964 the United States Department of Justice brought anti-trust action against Mobay, resulting in Bayer AG reaching an agreement to purchase Monsanto's share of the company in 1967. In October 1971 Mobay, along with five other Bayer-owned chemical-related subsidiaries in the United States, merged into a single company called Baychem Chemical Company and headquartered in New York City. By 1974 the company relocated to Pittsburgh under the name Mobay Chemical Company. In that same decade two additional United States companies were acquired and merged into Mobay: Cutter Laboratories in 1974 and Miles Laboratories in 1978. In 1994, Bayer finally reacquired full rights to all former Bayer products after they purchased the Winthrop division of over-the-counter drugs from GlaxoSmithKline.
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Wikipedia