CMS advises SBM Développement on its acquisition of the international “Consumer Business” branch of Bayer’s Environmental Science division
CMS Belgium, supported by around ten European CMS-network member firms and a partner firm in the United States, was Belgian advisor to SBM Développement on labour law in connection with SBM’s acquisition of the international “Consumer Business” branch of Bayer’s Environmental Science division. SBM is a family-owned French group with long-standing expertise in approving, formulating and manufacturing products for agriculture and gardening.
The “Consumer Business” activity includes the sale of gardening and housekeeping products for the general public. This acquisition will enable the SBM Group to expand its activity internationally (in Europe and North America) and to triple its turnover. At the same time, the SBM Group will bring on board 250 Bayer “Consumer Business” branch employees currently working in fifteen countries. SBM’s takeover of this activity is made possible by the 5-year strategic partnership it entered into with Bayer.
The CMS Belgium’s team on this operation was headed by Gaël Chuffart and Loïc Delhaye.